Far West

The Governmental Accounting Standards Board's proposed changes in public pension accounting and reporting standards, if adopted, will not have immediate credit implications, but probably would make the reporting of year-to-year unfunded pension liabilities more volatile, Standard & Poor's will say in a report Wednesday.

The San Francisco Public Utilities Commission will likely sell $523 million of mostly Build America Bonds Wednesday after delaying the deal a week due to a slumping market.

WASHINGTON — Researchers for the Center on Law and Public Finance are refuting the notion that partisanship has dominated the issuance of Build America Bonds.

WASHINGTON — Since the Securities and Exchange ­Commission and the Municipal Securities Rulemaking Board rolled out separate registration systems for municipal advisers this fall, there has been ­widespread confusion over the requirement that advisers register with both regulators.

WASHINGTON —The Senate is expected Tuesday to vote on a tax compromise measure without amendments, including one by Sen. Ron Wyden, D-Ore., that would have extended the Build America Bond program through 2011 with a 32% subsidy payment.

ALAMEDA, Calif. — Changes to the federal estate tax could leave California holding the bag, Moody’s Investors Service said Monday.

The Internal Revenue Service is auditing $117.45 million of variable-rate demand utilities system subordinate-lien refunding revenue bonds that were issued in 2004 by Colorado Springs, Colo., for Colorado Springs Utilities to refund some 1994 bonds.

State and local budget challenges will put pressure on municipal credits and will drag overall economic growth next year, according to the Securities Industry and Financial Markets Association’s semiannual economic projections released Monday.

SAN FRANCISCO — A judge here ruled Friday California can proceed with a $2.3 billion sale and leaseback of 11 government-owned office buildings.

WASHINGTON — Federal transportation officials Thursday reclaimed $1.195 billion of high-speed and intercity passenger rail grants from Ohio and Wisconsin. The funds will be parceled out to several states, the U.S. Department of Transportation said after warning last month that incoming Republican governors in the two states must use the funds for rail or lose them entirely.