California

Gov. Jerry Brown on Monday signed into law a bill that will make it easier for local governments to take advantage of a current infrastructure financing law.

A ruling by a Superior Court judge in Orange County, Calif., Friday cleared the way for the Anaheim City Council to sell $300 million in bonds to pay for a 200,000-square-foot convention center expansion.

A Superior Court judge in Riverside County will hear arguments Oct. 31 on a motion for summary judgment in a lawsuit brought by Ontario, California seeking the return of its airport from Los Angeles.

San Francisco-based Dignity Health plans to issue $1.4 billion worth of debt through several private placement deals and a taxable bond issuance up to $888 million in the first two weeks of October.

Gov. Jerry Brown signed a bill authorizing a bond issuance for the Monterey Peninsula's water project.

California's Department of Water Resources is planning to sell $625 million of water revenue bonds to refund a portion of its outstanding bonds for debt service savings.

California cities reeling from the California Public Employees' Retirement System plans to crank up rates over the next five years are looking for the exit door, but find the costs and the rules made by CalPERS make leaving all but impossible.

California completed its sale on Tuesday of $2.37 billion of general obligation bonds, meeting strong demand from both retail and institutional investors.

Cathedral City officials have twice drawn on reserves this year to make bond payments on $12.3 million in community development district bonds issued to pay for instrastructure for the 1,362-unit Verano, a master-planned community in the Coachella Valley city.

Riverside County, Calif.'s plans to sell $102 million in Teeter notes the week of Sept. 29.

New groundwater legislation signed by California Gov. Jerry Brown will benefit water agencies in the long run, but won't make much of a difference in mitigating current pressures caused by the state's drought, according to Fitch Ratings.

California's new groundwater laws are a credit positive for the state's economically struggling Central Valley region, according to Moody's Investors Service.

Orange County, Calif. registered voters surveyed by an opponent of a Foothill/Eastern toll road extension expressed skepticism about those extension plans.

California is making its debut into the "green bond" market next week with its $2.3 billion general obligation bond sale.

The credit quality of California's water and sewer utilities will not be significantly impacted by the state's drought, according to Moody's Investors Service.

An attorney representing defendants in a Victorville, Calif. bond fraud lawsuit pleaded guilty in a separate case to charges of money laundering and witness tampering.

The state of California is planning to sell $110 million of general obligation bonds for the state's Department of Veterans Affairs mortgage loan program in a competitive offering on Thursday.

The San Francisco Airport Commission is expected to sell $481 million of revenue bonds Tuesday to finance and refinance new capital projects at the airport.

A court ruling striking down a vote by hoteliers approving a bed tax for a planned San Diego convention center expansion demonstrates the power of Proposition 13, Fitch Ratings said in a report.

City, state, and school officials gathered Friday to celebrate San Jose, Calif. and Santa Clara Unified School District's joint $80 million purchase of state-owned land.