Far West

After nearly a decade of court battles brought by environmental advocates, the fate of Poseidon Resource's proposed Carlsbad, Calif. desalination plant will be decided Thursday when the San Diego County Water Authority board votes on a $3 billion water purchase agreement.

California's general obligation bond yields have tightened against top-rated municipal debt since the November election, partly amid investor speculation the state's credit rating may be raised.

Judge dismisses bankruptcy case after Mammoth Lake, California reaches a settlement over $43 million owed to a developer, its largest creditor.

The Federal Transit Administration notified Congress on Monday that it will sign by year-end a $1.55 billion full funding grant agreement to help fund Honolulu’s $5.2 billion elevated rail project.

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.