Far West

The IRS is auditing $149.1 million of general obligation bonds issued by Beaverton, Ore. School District in 2007.

Regulatory priorities for the Treasury Department and Internal Revenue Service this year and next include proposing guidance on arbitrage investment restrictions which likely includes issue price, according to plans they released this week.

There is more new leadership at the American Association of State Highway and Transportation Officials, as the group voted this week to elect Rhode Island Transportation Director Michael Lewis as the association's president for the next year.

Reno, Nevada's had $130 million in capital improvement revenue bonds downgraded three notches to Baa2 from A3 by Moody's Investors Service.

The Southern California Logistics Airport Authority said another round of defaults on its debt is on the horizon.

The impact of the rapidly approaching fiscal cliff could devastate U.S. debt-financed infrastructure if Congress fails to find an alternative combination of cuts and revenue measures, Fitch Ratings said Monday.

Three muni market groups have joined forces with the Council of Development Finance Agencies and sent Congress draft legislation that would create special Hurricane Sandy Recovery Bonds to help businesses and people in the Mid-Atlantic region still reeling from storm-related destruction.

Kayne Anderson Capital Advisors and Saybrook Capital have formed a partnership to create a fund that will invest in distressed and defaulted municipal bonds.

The Financial Industry Regulatory Authority has fined three Chicago-based firms a total of $40,000 for violations of muni trade reporting and other rules.

Massachusetts Treasurer Steven Grossman wrote U.S. Senators Harry Reid, D-Nevada, and Jon Kyl, R-Ariz., to oppose legislation that would limit states' control of online gambling within their borders.