Far West

WASHINGTON — The president is expected Wednesday in Cleveland to announce details of a $50 billion measure that would lead into a long-term program containing a national infrastructure bank — a proposal already offered by the administration but now being rolled out as part of an economic package.

ALAMEDA, Calif. — California can probably keep money flowing to bond-financed capital projects through the end of the year, even if the state’s continuing budget crisis keeps it off the bond market, a state spokesman said Tuesday.

MENLO PARK, Calif. — Alaska’s state airport authority will sell $174 million of tax-exempt paper next week to pay for debt refunding and runway repairs, according to a state official.

WASHINGTON — Transportation stakeholders expecting a comprehensive bill anytime soon could be disappointed as major legislation reauthorizing federal highway and transit programs could be delayed until 2013, sources said last week.

ALAMEDA, Calif. — California’s statewide property tax roll declined 1.8% this year, according to a report released last week by a state agency.

WASHINGTON — The Securities and Exchange Commission Thursday announced that it has adopted a temporary rule requiring municipal advisers to register with it by Oct. 1 to comply with the recently enacted Dodd-Frank Wall Street Reform and Consumer Protection Act.

MENLO PARK, Calif. — An independent study calls for California to overhaul management of its water supply system and give a newly created commission oversight of billions of dollars of bond money.

MENLO PARK, Calif. — California veterans general obligation bonds Thursday landed a ratings upgrade to Aa2 from Moody’s Investors Service, affecting $1.17 billion of outstanding debt.

ALAMEDA, Calif. — A bill to limit the ability of California local governments to file for bankruptcy expired Tuesday in the last-minute frenzy that marked the end of the regular 2010 session for the state’s stalemated Legislature.

WASHINGTON — Bowing to growing concerns from muni issuers, Moody’s Investors Service announced Wednesday that it will stop trying to get state and local issuers to agree to indemnify and hold it and its officers harmless for any mistakes they might make as a precondition to assigning ratings to municipal bond transactions.