Far West

California Treasurer Bill Lockyer has tentatively set a $10 billion revenue anticipation note sale for August as part of the state's annual cash flow balancing act.

The Orange County Employees Retirement System has hired Girard Miller as its new chief investment officer.

New Rule G-43 requires that broker's brokers make reasonable efforts to obtain fair and reasonable prices when conducting secondary-market "bid-wanted" auctions.

While the Governmental Accounting Standards Board's new accounting standards announced Monday will improve financial reporting for public pension plans they also will put added pressure on cash-strapped state and local governments to reform their systems.

The latest round of TIGER grant funding will disburse nearly $500 million to 47 projects in 34 states and the District of Columbia, U.S. Transportation Secretary Ray LaHood announced Friday. The Department of Transportation received 703 applications from all 50 states, U.S. territories, and D.C. The awards ranged from $1 million to $21.6 million.

The American Public Power Association and a California Public Agency have commented on proposed IRS governmental plan regulations, suggesting changes to provide certainty to existing participants in governmental plans.

California general obligation bond yield spreads have narrowed significantly over the past two years despite only small improvements in the state's financial health.

California Gov. Jerry Brown and Democratic legislative leaders reached an agreement Thursday to finalize a budget to close the state's nearly $16 billion deficit.

A struggling public arena in Wenatchee, Wash., hired Piper Jaffray to underwrite its upcoming refinancing of $42 million of outstanding defaulted debt. The firm had handled the previous deal that ran into trouble.