Special Program Root Tag

Bond attorneys are pondering language governing tax-exempt bonds used to finance spaceports.

"If the open jacket policy is actually implemented—which we in the defense bar hope is the case—it would be a welcome reform," one attorney said.

Andrew Nakahata officially takes the helm of the California Infrastructure and Economic Development Bank on Wednesday.

Bond lawyers, municipalities, and transportation officials are moving towards greater use of public private partnerships for infrastructure projects bogged down by capital constraints and high risk.

The state's government now expects general fund revenues to decline 2.3% in the current fiscal year from the previous fiscal year.