California

The Academy of Motion Picture Arts and Sciences plans to sell $349 million in revenue bonds next week to fund construction of its film museum.

Standard & Poor’s analysts say a recent bill to smooth the process of dissolving California’s agencies will have minimal effect on credit.

Moody's Investors Service has downgraded about $23 million of Sonoma Valley Health Care District, Calif. general obligation bonds to Baa1 from A1.

A water banking agreement between Southern Nevada Water Authority and the Metropolitan Water District of Southern California is a credit positive, Moody’s Investors Service said.

The California Department of Finance approved spending $10 million from budget reserves to clean up debris considered a safety hazard from two fires that ravaged Northern California.

The National Football League is asking its players to help finance any new stadium in Los Angeles, a prerequisite to putting a team in the No. 2 U.S. media market for the first time since the Raiders and Rams bolted in 1994.

The Fremont-Rideout Health Group received a three-notch Standard & Poor's downgrade to BBB from A on three series of revenue bonds, citing a sharp deterioration in financial performance.

Major bond-financed investments have been paying off for some of Northern California’s smaller airports, which have seen their multi-billion dollar projects followed by more airline and passenger business.

California Gov. Jerry Brown signed legislation that brings back redevelopment in a limited way, notably by creating new community revitalization investment authorities that can issue tax-increment debt.

The authors of a California pension initiative effort are abandoning their existing measure and writing a new one.