Far West

The Internal Revenue Service is auditing $63.2 million of Build America Bonds that a school district in Finney County, Kan., issued in mid-2009 to finance a new high school and an addition to an elementary school, according to the district’s chief financial officer.

WASHINGTON — The ­Securities and Exchange Commission would violate the Tower Amendment and the principles of federalism if it applies its proposed rules on asset-backed securities to municipal bonds, 14 market groups warned this week.

WASHINGTON — Airport executives made one more attempt this week to convince Senate tax lawmakers to extend two popular bond-financing provisions beyond the end of this year so that airports can continue to borrow at lower rates.

WASHINGTON — A special ethics panel has found New York Rep. Charles Rangel, former Democratic chairman of the House Ways and Means Committee, guilty on 11 of 13 ethics charges, the panel announced Tuesday.

SAN FRANCISCO — The big ­question in Oregon is whether the two political parties will be able to put their differences aside long enough to tackle the state’s $3 billion ­budget hole.

The Financial Industry Regulatory Authority has fined Kildare Capital Inc. $25,000 for failing to timely report municipal securities transactions and other rule violations.

Dealer and non-dealer municipal advisers have until Dec. 31 to register with the Municipal Securities Rulemaking Board under a new system launched Monday.

SAN FRANCISCO — A public employee union is suing to block a California public-private partnership that would design, build, operate, and maintain a six-lane link between San Francisco and the Golden Gate Bridge.

ALAMEDA, Calif. — California Gov. Arnold Schwarzenegger announced plans to call a special session of the Legislature to deal with the state’s budget deficit when its new members are sworn in Dec. 6.

The Environmental Protection Agency last week issued guidance to state authorities on the reduction of greenhouse gas emissions from power plants and other large facilities, in advance of its new Clean Air Act rules that will take effect Jan. 2.