Nevada

Pat Mulroy, general manager of the Southern Nevada Water Authority, Monday announced plans to retire.

Sales of municipal bonds in the Far West region grew by almost 11% during the first half of 2013 compared to a year earlier as low rates continued to drive volume.

Ambac Assurance Corp will make supplemental payments on some policies in a segregated account that the company established to hold troubled liabilities during its bout with bankruptcy.

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 Internal Revenue Service has closed its audit of $650 million of general obligation limited tax school bonds issued in 2007 by Clark County, Nev. School District without changing their tax-exempt status.

Fitch Ratings downgraded $440 million of bonds issued by North Las Vegas to speculative grade due to the city's ongoing financial problems.

Nevada Gov. Brian Sandoval withdrew legislation that would have allowed the state to issue liquor-tax backed general obligation bonds.

Moody's downgraded $5 million of Nevada Housing Division Multi-Unit Housing Revenue bonds to Aa2 from Aaa as part of larger review of U.S. stand-along housing bond programs secured by credit enhanced mortgages.

Moody's Investors Service on Friday downgraded Reno, Nev.'s general obligation limited tax bond rating to A1 from Aa3 and revised the outlook from negative to stable.

Nevada, Wyoming and Texas received high marks in a Morningstar report on how their state permanent fund programs affect credit analysis of individual bonds.

Clark County, Nev., Commissioners approved a 4% decrease in sewer bills for customers served by the Clark County Water Reclamation District.

Fitch affirmed its AA rating and negative outlook to Las Vegas limited tax general obligation bonds impacting $348 million in outstanding debt.

Standard & Poor's revised the outlook to stable from negative and affirmed a BBB underlying rating on Reno, Nev., capital improvement revenue bonds.

Fitch Ratings assigned a AA-plus rating ahead of Nevada's plans on March 7 to refund $200 million in general obligation limited tax bonds.

Sales of municipal bonds in the Far West region grew by almost a quarter in 2012 compared to a year ago, spurred by record low interest rates that led to an increase in refinancing.

Nevada Gov. Brian Sandoval proposed issuing general obligation bonds backed by liquor taxes to fund $58 million in capital projects because the state still has no capacity for its traditional property-tax backed GOs.

Stradling Yocca Carlson & Rauth opens a Reno, Nev., office and hires 14-year bond veteran, Scott Shaver, formerly of Sherman & Howard, to run it.

Tax policy discussions are planned for Day 2 of Nevada's legislative session that begins Feb. 4, lawmakers say.

Nevada's state agencies surpassed a cap placed on budget requests by Gov. Brian Sandoval by $419 million, 6.5% higher than the governor's spending limits.

The Reno, Nev. City Council postponed a decision about a tentative plan to provide a $30 million subsidy to help the owners of the minor-league baseball Reno Aces refinance their stadium development debt.