California

Moody's Investors Service has downgraded San Francisco Community College on the possibility that it will lose its accreditation.

A trial date has been set for two lawsuits challenging rates set by the Metropolitan Water District, a Southern California water wholesaler.

The financing structure of Orange County Transportation Authority's $124 million refunding planned for Tuesday represents an evolution in financing for managed lane projects.

California's 2014 budget is a credit positive for the state's school districts, although some stand to benefit more than others, Moody's Investors Service said in a report.

The Orange County Water District board will study purchasing up to 50 million gallons of drinking water Thursday through the Huntington Beach Seawater Desalination Project.

Despite improved liquidity positions among California schools, cash flow borrowing is expected to remain at elevated levels during the next year, according to Standard & Poor's.

California's plans for a $68 billion high-speed rail system attracted Katherine Perez-Estolano, one of the state's most well-known transportation planners, to its board despite a series of issues faced by the project.

A watchdog group asked the Office of Congressional Ethics to launch an ethics investigation into a potential conflict of interest involving the David Valadao, R-Calif. on legislation aimed at killing California's high-speed rail project.

A California state judge denied the state's motion to dismiss a lawsuit over its cancelled deal to sell 11 state-owned buildings to private investors.

San Diego Mayor Bob Filner's former communications director filed a sexual harassment lawsuit against the city evoking bipartisan calls of resignation from two city councilmembers.

The Port of Oakland approved a litigation settlement agreement that extends lease agreements that were set to expire in 2016-17 on several cargo terminals.

Gov. Jerry Brown made two appointments to the California Infrastructure and Economic Development Bank including Teveia Barnes as executive director.

California Gov. Jerry Brown and four previous California governors filed a brief earlier this week opposing the release of inmates from the state's crowded prisons.

Los Angeles Mayor Eric Garcetti announced three appointments to the Los Angeles County Metropolitan Transit Authority board.

The U.S. Department of Transportation has suspended consideration of a $5.5 billion loan request for a high-speed rail project from Las Vegas to Southern California.

The Bay Area Toll Authority will come to market with its first new money deal in three years, selling $750 million in subordinate toll revenue bonds.

Figtree Energy Financing, one of the leading California companies structuring bond financing through Property Assessed Clean Energy programs, recently closed on a $809,000 privately-placed bond funding seven projects.

A poll released by Probolsky Research/PublicCEO.com shows that California voters oppose new, local taxes and fees, but approved of the job their mayors and city/town councils and county supervisors are doing.

Figtree Energy Financing officials said a financing process established when it closed on a $809,000 private placement bond on July 10 will enable it to place a minimum of $500,000 in private placement bonds every 60 days.

San Francisco Community College District's pending accreditation loss is a credit negative, says Moody's Investors Service.