Far West

California said it will hold its second spring sale of $2 billion of general obligation bonds next week.

San Bernardino, Calif., in bankruptcy proceedings, has hired Orange County-based Urban Futures on a contract basis in lieu of hiring a finance director and filling other vacant finance department positions.

Moody's Investors Service says a reduction of California Employees' Retirement System debts in Stockton's bankruptcy reorganization would have major ramifications for bondholders and California municipalities.

Rep. Maxine Waters, D-Calif., has introduced legislation that would make $1 billion available for federal transportation grants.

The Virginia Port Authority's decision not to pursue a public-private partnership could have a negative impact on other potential port privatization deals, according to a new report from Fitch Ratings.

NABL is urging Treasury and the IRS to provide guidance ensuring that tax-exempt private-activity bonds don’t become taxable if the issuing governments and nonprofit hospitals take steps to implement President Obama’s health care reform law.

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,