Far West

The California Health Facilities Financing Authority approved on Thursday issuing $450 million in tax-exempt revenue bonds for Sutter Health System to construct a hospital in Santa Rosa and medical clinics in Sunnyvale and San Carlos.

A Federal bankruptcy judge ruled today that Stockton, Calif. is eligible for Chapter 9 protection, rejecting the objections of bond market creditors.

San Bernardino City Attorney James Penman filed a lawsuit against the state claiming that if the city's sales and property taxes are docked, the city will be forced to shut down.

If Stockton is granted the right to file for bankruptcy protection, the next big fight ahead may be with its whale of a creditor, the California Public Employees' Retirement System,

Hawaii received an "F" in a study grading states on the quality of the government spending data the state provides online.

Clark County, Nev., Commissioners approved a 4% decrease in sewer bills for customers served by the Clark County Water Reclamation District.

The trial over Stockton, Calif.'s eligibility to enter bankruptcy protection is expected to wrap up Wednesday, with bankruptcy Judge Christopher Klein saying he is likely to rule Monday.

The San Bernardino County, Calif. District Attorney office announced the arrest of former airport developer Scott Spencer on charges that he defrauded the San Bernardino International Airport Authority of more than $1 million.

California Treasurer Bill Lockyer expanded his request for a formal legal opinion on the role of underwriters in school bond campaigns to include financial advisors and bond counsel.

Stockton and its bond market creditors postured for a fight Monday at the start of a Federal court trial over the city's ability to enter Chapter 9 bankruptcy protection.