Gas Prices Fall in Several States as Their Taxes Rise
Gas prices fell in four of the six states with gasoline tax increases taking effect July 1, survey finds.
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John Hoeven, a Republican Senator and former governor of North Dakota, is keeping states' needs in mind with his bill to create Move America Bonds. more »
Virginia will recoup $149 million of the more than $280 million the state spent on a cancelled $1.4 billion toll road P3. more »
Washington State's compromise 16-year, $16 billion transportation plan includes gasoline tax increase and $5.3 billion of state GO bonds. more »
Gasoline taxes go up July 1 in six states to fund local highway projects while federal gasoline tax remains at 1993 level. more »
States are making plans for another short-term extension or a possible cutoff of federal transportation funding on July 31. more »
Maryland Gov. Larry Hogan gives preliminary approval to progress on halted $2 billion Purple Line P3 light rail project. more »
Allowing states to levy tolls on interstates would solve the revenue problem hobbling highway P3s, advocates tell Senate Finance Committee. more »
The federal government extended All Aboard Florida’s $1.75 billion private activity bond allocation, relieving pressure on the private train owner to issue the bonds as legal challenges proceed. more »
The Senate Environment and Public Works Committee adopted a six-year highway bill with a 4.6% boost in federal funding. more »
Modern transportation infrastructure is a critical building block to ensure that the US economy is in a position for long term growth and prosperity. more »
The Senate Environment and Public Work Committee’s six-year transportation proposal would provide about $43 billion a year of federal highway funding. more »
Sen. Mark Warner, D-Va., introduced legislation that would create a national infrastructure bank that could provide direct loans and loan guarantees to facilitate infrastructure projects of regional or national significance. The bill would also increase the national volume cap for tax-exempt private-activity bonds for qualified highway or surface freight transfer facilities to $16 billion from $15 billion. more »
Two congressmen are urging House leaders to bring the pending transportation bills up for a vote and deem the one with the most votes as having passed the chamber under a “Queen of the Hill” rule. more »

Orrick, Herrington & Sutcliffe LLP attorneys take a look at the Securities and Exchange Commission settlements with 36 municipal securities underwriters pursuant to the Municipalities Continuing Disclosure Cooperation initiative.

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