California

AEG gives up the ghost on plans to build an NFL stadium in downtown Los Angeles; San Diego renewed efforts to keep its NFL team.

A successful sale of unrated Mello-Roos bonds backed by undeveloped land may be an indication that investors are willing to buy California dirt bonds again.

Lawyers, issuer officials, and others consulted about the fund agreed that the three firms did nothing against the rules when they gave the money to the fund, which is governed by a board independent of the city leadership and which does nothing to politically support Garcetti or any other political interest.

Peter Taylor, former chief financial officer for the University of California, has been appointed to the California State University Board of Trustees.

Prime Healthcare backed out of deal to purchase California's ailing Daughters of Charity Health System, a six-hospital chain, because it objected to conditions imposed by California Attorney General Kamala Harris.

The California controller's monthly cash report for February beat the estimates in the governor's proposed budget by $1 billion.

Moody's Investors Service confirmed its A3 rating for Marysville, Calif.'s $12.7 million in sewer revenue bonds Monday following the completion of a review for downgrade.

Moody's revised methodology for utility credits has resulted in Merced County Regional Waste Management Authority, Calif.'s Baa3 rating being placed under review for upgrade.

The Sierra Kings Health Care District in California has paid the U.S. Treasury $20,000 to settle tax issues and preserve the tax-exempt status of bonds it sold in 2007 and 2009.

National Football League stadium proposal in Inglewood is a credit positive for the city, according to Moody's Investors Service.

San Diego officials rolled out a reform program aimed at speeding up plans to repair 1,000 miles of city streets in five years.

California achieved the lowest interest rate in 26 years when it priced $1.935 billion of general obligation bonds March 4, according to State Treasurer John Chiang.

The University of California Regents are pricing $2.8 billion of combined new money and refunding bonds where municipal bond market observers predict ready demand.

A California lawmaker introduced a bill that would add language to school district bonds that would protect investors in the event of bankruptcy.

Standard & Poor's raised several Stockton, Calif. water system bond ratings

The Internal Revenue Service is asserting that $25.42 million of bonds, which were issued by the California Statewide Communities Development Authority in 2005 and benefit the Sweetwater Union High School District, are taxable private-activity bonds.

California Treasurer John Chiang's hailed the state's "robust" economic recovery in a Los Angeles speech.

California Treasurer John Chiang called Fitch's upgrade of California's credit rating a validation, but also a caution to maintain fiscal discipline.

Municipal bond sales in the Far West were down slightly in 2014 as new money issuance slowed down across much of the region.

California plans to price $1.9 billion of general obligation bonds next week, bolstered by upbeat rating reports including a Fitch Ratings upgrade.