Far West

California Treasurer Bill Lockyer said he may cut off from state bond deals underwriters and advisors who worked on some of the more egregious capital appreciation bonds issued by local school districts.

A sluggish housing market in California will delay economic recovery for local governments by several years, Fitch Ratings said.

Jeanine Rodgers Caruso, president of Fiscal Advisors & Marketing Inc., is the new board president of the National Association of Independent Public Finance Advisors

The Securities and Exchange Commission hopes to finalize its definition of municipal advisor early next year, according to the head of the SEC's municipal securities office.

Williams Capital, a leading minority-owned investment bank, hired Sean Boyea as a principal in its new Sacramento office.

A Southern California company with $157 million of municipal bonds and once hailed as a model of cutting-edge technology is in liquidation. Enertech Environmental Inc. is in the process of being liquidated, said Geoffrey Berman, a vice president at Development Specialists Inc., a restructuring firm.

The District of Columbia will sell $900 million of income tax-secured bonds in November, the biggest amongst a rash of deals closing the calendar year.

The Los Angeles City Council voted to approve negotiations with Ontario, Calif. officials that could result in L.A./Ontario airport being returned to local control.

Slide show of Puerto Rico Public Private Partnerships P3s

Middle-market, fixed-income dealer firms are adding staffers to their compliance divisions, part of an expensive effort to comply with a host of new financial regulations coming from Washington, D.C., some executives said at a meeting here.