Far West

The commercial property side of Property Assessed Clean Energy has drawn so much interest that market watchers think in a few years enough volume could exist in California to start bundling the currently privately-placed bonds to sell in the public market.

President Obama's fiscal year 2014 budget again proposed a 28% cap on tax expenditures including municipal bond interest for the top 2% of income earners, despite efforts by muni market participants lobbying against the proposal.

The National Federation of Municipal Analysts said Wednesday they have filed an amicus curiae brief in California Superior Court in support of a lawsuit filed by insurer Syncora Guarantee over laws extinguishing redevelopment agencies in the state.

San Bernardino plans to resume payments to the California Public Employees' Retirement System on July 1, but it's unlikely it will be able to repay missed payments, said Mayor Pat Morris.

The Bond Dealers of America have hired Urban Swirski and Associates to advocate for the group's legislative and policy priorities, BDA announced Wednesday.

The Federal Aviation Administration has delayed closing 149 air traffic control towers until June 15, including 14 in Florida — the largest number of facilities affected in one state.

Mary Jo White has been sworn in as the new chair of the Securities and Exchange Commission, the SEC announced Wednesday.

The $1.2 trillion in automatic, across-the-board spending cuts that went into effect in March will have a low to moderate impact on public finance housing bond issuers, a new Moody's Investor Service report said Tuesday.

L.A. city committee wants alternatives to support convention center expansion if an NFL football stadium proposal falls short.

Contracts between dealer firms and public officials show that dealers are engaging in wordplay in an apparent attempt to avoid duties and restrictions placed on them by both federal statute and MSRB rulemaking.