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Senate Averts Funding Shutoff With Road Bill
Senators avoided an Aug. 1 shutdown of highway projects by passing the House’s three-month HTF extension.
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Requests for $500 million of federal TIGER grants available in fiscal 2015 total $9.8 billion, Transportation Secretary Anthony Foxx said. more »
The developer of the All Aboard Florida private passenger train system plans to quickly issue $1.75 billion of private activity bonds after approval of the deal. more »
The $8 billion, three-month extension of the Highway Trust Fund avoids a project shutdown in August. more »
Credits of the U.S. publicly owned airport sector and the crucial role of airport management are undervalued by the major ratings agencies despite their blemish-proof record, Kroll Bond Rating Agency said in a new report. more »
House plans to leave for a long recess Wednesday after voting on a 90-day extension of federal highway funding. more »
Revenue offsets in the Senate's six-year transportation funding bill are $1 billion short of proposed general fund transfers. more »
Senate leaders hope to vote on a $300 billion transportation bill by mid-week as funding cutoff looms. more »
Senate debate gets under way on $317 billion, six-year transportation bill after Democrats soften opposition to revenue measures. more »
House leaders from both parties say the Senate should drop a multiyear bill and adopt a short-term HTF extension. more »
The Senate will move forward with a compromise six-year transportation funding bill hammered out over the weekend in negotiations between Senate Majority Leader Sen. Mitch McConnell, R-Ky., and Sen. Barbara Boxer, D-Calif., despite a setback on a procedural vote on Tuesday. more »
Senate Republican leaders are working on a multiyear transportation bill that would resolve the shortfall in the Highway Trust Fund by dedicating roughly $40 billion of additional revenue to it from a variety of sources. more »
Virginia will eliminate tolls on two tunnels under construction with $78 million saved by cancelling a P3 road project. more »
Sen. Ron Wyden, D-Ore., hopes that one day, parents will give their kids infrastructure bonds for the holidays. 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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