News and Information from Bond Buyer

An Orange County, Calif. citizens' group says it will file a lawsuit in an attempt to invalidate $265 million in bonds issued for an expansion to the Anaheim convention center.

Actor Alec Baldwin will visit Rhode Island on June 7 to help raise money for the Adams Memorial Library in formerly bankrupt Central Falls.

Municipal bond prices were mixed to lower in a hesitant market Tuesday, but at least one bond seller came out on top.

Government

A bill introduced in the House earlier this month would renew empowerment zone and renewal community designations, allowing certain areas to be eligible again for tax incentives including empowerment zone facility bonds and qualified zone academy bonds.

Gov. Tom Corbett announced the investment of $41.7 million in 13 nonpoint source, drinking water and wastewater projects across 12 Pennsylvania counties.

New York Comptroller Thomas DiNapoli has proposed legislation to give money to fiscally-stressed localities to hire financial advisors for long-term budget planning.

An Oklahoma group seeking $500 million of state bonds for school storm shelters will begin a new petition drive in May.

The state of California sold $750 million of general obligation bonds in a competitive deal on Tuesday, with Wells Fargo submitting the winning bids.

Massachusetts is preparing to offer another round of so-called green bonds to investors, state Treasurer Steven Grossman said on Earth Day.

Jefferson County, Ala.'s attorneys say petitions appealing the county's bankruptcy exit plan fail to address legal matters and contain "tangential allegations."

Researchers at three universities are looking into the development and future vision for high-speed rail in the United States.

St. Louis-based SSM Health Care heads into the market Wednesday with a $260 million sale that represents one piece of a roughly $1 billion debt restructuring aimed at streamlining and trimming the system's annual interest costs.

Kutak Rock LLP has added veteran public finance attorney Debbie Boye to its Chicago team.

Wells Fargo Bank won the competitive auction for $750 million of California general obligation bonds Tuesday afternoon, the state Treasurer's office confirmed.

The Treasury Department Tuesday auctioned $32 billion of two-year notes with a 3/8% coupon at a 0.447% yield, a price of 99.856801.

Former Bank of America executive Douglas Lee Campbell received no fine or prison from federal Judge Kimba Wood for his role in rigging municipal bond contracts.

A $750 million California general obligation competitive deal is set to prop up the municipal primary calendar Tuesday. The muni market is coming off the lowest week of issuance since Feb. 20, with just $2.05 billion of new bonds offered last week, and buyers are hungry for fresh paper.

John Matsikoudis, former senior underwriter at Loop Capital Markets, has been hired by CastleOak Securities to continue the growth of its municipal sales and trading business.

Moody's revised its outlook on Bucks County, Pa., to negative, affecting $387 million in general obligation bonds and GO-guaranteed debt.