Far West

The California State University system will sell $430 million of revenue bonds on Wednesday.

WASHINGTON - Bond Dealers of America has hired Richard Y. Roberts, former Securities and Exchange Commission member and chief of staff Sen. Richard Shelby, R-Ala., to lobby for it on Dodd-Frank Act implementation and other securities-related legislative and regulatory issues.

Highway and airport construction projects should escape shutdowns now that House and Senate leaders have agreed to extend airport construction funding through January and highway funding through March.

WASHINGTON - In a surprise move, the Municipal Securities Rulemaking Board pulled five proposed municipal advisor rules that had been pending with the Securities and Exchange Commission on Monday, following complaints by dealers and other market participants that the SEC had not yet defined the term municipal advisor. The board also issued an advisory on bank loans.

SAN FRANCISCO - California lawmakers passed a slew of bills last week that could have an impact on public finance if Gov. Jerry Brown signs them.

LOS ANGELES - California legislators approved a special audit of corruption-plagued Vernon at the request of Sen. Kevin de León.

WASHINGTON - The aviation community was prepared to see House Transportation Committee chairman John Mica, R. Fla., introduce a new Federal Aviation Administration extension bill Friday, one expected to pass both houses of Congress without a battle this week. But it didn't happen.

WASHINGTON - Fitch Ratings downgraded the Metropolitan Washington Airports Authority's airport revenue bonds to AA-minus from AA as it prepares to issue $192 million of refunding bonds.

WASHINGTON - Municipal market participants applauded President Obama's jobs bill proposals for increased funding for transportation and aid to state and local governments, but worried about their vagueness and whether they would actually spur job creation.

For many municipal professionals on Wall Street, the memory 10 years later of what happened on Sept. 11, 2001, is as raw as it was in the chaos following that terrible day.