L.A. Port Brings Green Bond Deal
The Port of Los Angeles will price a $219.2 million revenue bond refunding its officials say represents the first green bond sale by a port. Participants are hoping the well-rated credit's infrequent forays into the municipal bond market and a green bond series will draw investor interest.
‘Unprecedented' $200B in Transportation Funding Nationwide; $13B in CA
Transportation infrastructure has reached crisis levels across the country, and nowhere is that more true than in the Bay Area, where voters will be asked to contribute $14 billion to shore up the region's aging public transit systems and improve roadways to relieve traffic congestion.
Landmark PACE Bill Passed in CA
A bill introduced by California state assemblyman Matt Dababneh allowing for consumer protection before they commit to a residential Property Assessed Clean Energy (PACE) loan, was passed. The California PACE industry could be accelerated by the origination of PACE loans in the state.
Recount: Denham Wants New Vote on CA Rail Bonds
The chair of a congressional panel looking into California's $64 billion high-speed rail project said it is time for voters to decide whether to rededicate the state bond funding they authorized for it toward alleviating the state's water woes.
$7.4B CA Transportation Funding Proposal Introduced
Sen. Jim Beall (D-San Jose) and Assembly Member Jim Frazier (D-Oakley) have formally introduced the two bills that would generate $7.4 billion annually with $2.5 billion for local streets and roads.
Bias in the Municipal Bond Market
Orange County made some big bets in the 1990s, on an early form of financial derivatives and it lost. It suffered major financial damage and declared bankruptcy. Now the county is looking to borrow once again, and investors are primed to snatch up its new bonds at high prices.
CA Governor Signs SB 820 to Clean Up Hazardous Waste Sites
Gov. Jerry Brown signed legislation by Sen. Bob Hertzberg, D-Van Nuys, that extends the California Land Reuse & Revitalization Act, a vital legal tool enacted in 2004 that has helped propel the cleanup and development of vacant hazardous waste sites across the state.
14 CA Public Transit Projects to Receive $391M
Transportation officials have selected 14 public transit projects across California for a slice of proceeds from the state's auction of greenhouse gas pollution credits, almost $391 million in spending between now and the summer of 2018.
Santa Cruz Photo Company Eyes IDB for New Equipment
Bay Photo Inc. is seeking the city's assistance to qualify to obtain up to $12 million in industrial development bonds from the California Enterprise Development Authority. The company plans to refinance a state loan and buy new equipment for its printing and finishing lab.
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