Bill Would Make Bonds of Historically Black Colleges Triple Tax-Exempt
A bill introduced in the House would make municipal bonds issued by historically black colleges and universities tax-exempt at the federal, state and local levels.  more »
"This legislation will level the playing field and help HBCUs get the funds they need to build new dorms, labs or classrooms without additional costs or fees," said Rep. Keith Ellison, D-Minn.
The Internal Revenue Service has informally advised the Baker Correctional Development Corp. in Florida that $45 million of first mortgage revenue bonds it issued in 2008 are taxable. more »
Infrastructure projects in the U.S. are plagued by long pre-construction periods, an under-utilization of the public-private partnership financing model, and an inability to both gain support and access capital, a panel of market participants said this week. more »
A group of Democrats and Obama administration officials are urging the Republican-led Congress to include Flint aid in either the Water Resources Development Act of 2016 or the government spending measure that must be passed by the end of the week to avoid a government shutdown. more »
A bill introduced in the Senate Thursday by three New England Democrats would create a federal green bank in order to attract larger private investments in clean energy and energy efficient projects. more »
State tax revenue declined in the second quarter after showing weak growth during the first three months of the year, according to a report from the Nelson A. Rockefeller Institute of Government. more »
Vicky Tsilas will rejoin the Internal Revenue Service next month as its branch chief, the Washington-based attorney told The Bond Buyer Tuesday. more »
The Internal Revenue Service’s proposed definition of a political subdivision could jeopardize the tax-exempt bonds of many public entities in Minnesota, the state’s congressional delegation recently told the agency and the Treasury Department. more »
The Baltimore City Council on Monday approved a $660 million bond deal to transform the Port Covington neighborhood, making it the largest tax increment financing district in city’s history. more »
Congress is not likely to do much other than passing a continuing resolution to avoid a government shutdown before they recess later this week or next until after the elections in mid-November, according to municipal market participants. more »
The Senate on Thursday passed the long-stalled Water Resources Development Act of 2016 that would provide millions of federal dollars to Flint, Mich. and any other community facing a water crisis. more »
A Brookings Institution study claiming professional sports stadiums built or renovated with tax-exempt bonds during the last 16 years have cost the federal government $3.7 billion has drawn some criticism from a sports consultant and municipal market participants. more »
Education officials and experts offered suggestions to a House subcommittee Tuesday on how to regulate private universities’ multibillion-dollar tax-exempt endowments, including by making them taxable in some cases because of concerns about their use. more »
Professional sports stadiums built or significantly renovated with the help of tax-exempt bonds since 2000 have cost the federal government a total of $3.7 billion, according to a study released by the Brookings Institution. more »

Rhode Island General Treasurer Seth Magaziner, in an in-depth chat with Bond Buyer northeast regional editor Paul Burton, explains how the state can rebound through infrastructure. He also talks about his push to require investment firms to reveal public pension fees, lessons learned from the 38 Studios debacle, and his teaching days in post-Katrina Louisiana early in his career.

Regardless of which candidate takes the oath of office next January, improving our country’s infrastructure will be on the next president’s agenda.

Upcoming Events

Career Zone

Already a subscriber? Log in here
Please note you must now log in with your email address and password.