Far West

ATLANTA — Government Finance Officers Association members are scheduled to vote this morning on a policy statement calling on the Securities and Exchange Commission to maintain a stable, $1.00 net asset value per share of money market funds and to scrap plans to consider a floating NAV.

ATLANTA — A Treasury Department official Monday said that federal regulators already have attempted to assuage muni market participants’ worries about how to determine issue price for Build America Bonds in guidance issued in April, even though issuers continue to air concerns about the lack of guidance.

The global airline industry is expected to post a large profit this year and see a significant increase in passenger traffic, an airline trade group announced yesterday.

WASHINGTON — State and local groups are bringing their concerns to the U.S. Department of Transportation’s upcoming TIGER II grants — $600 million to be distributed to highways, bridges, transit, freight and passenger rail, and ports — with ports requesting at least one-quarter of the money.

WASHINGTON — With lawmakers from both chambers of Congress set to begin hammering out a single financial regulatory reform bill on Wednesday, one of the most contentious municipal-market issues to be worked out centers on who will regulate non-dealer financial advisers, swap advisers and other market intermediaries.

ALAMEDA, Calif. — The California Debt and Investment Advisory Commission intends to hold the line on the reporting fees it charges for bond transactions in the state.

ALAMEDA, Calif. — Every firm in California’s bond underwriting pool will be required to file quarterly reports on its municipal credit default swap activities, Treasurer Bill Lockyer announced Friday, while also urging the imposition of federal and international rules to limit “naked trading” of municipal CDS.

WASHINGTON — Despite their expectations that the worst could be over for state finances, three groups warned yesterday that budget gaps, revenue shortfalls, and spending constraints are likely to continue this fiscal year and next.

WASHINGTON — Internal Revenue Service officials Thursday said that there are no plans to audit up to half of all Build America Bond deals, backing away from remarks they made last week.

ALAMEDA, Calif. — Voters in California’s statewide primary election on Tuesday will consider more than $1.8 billion of local general obligation bond measures — a relatively small amount by recent standards — with most of the political heat being generated by the race for governor.