Virginia Gov. Bob McDonnell's controversial transportation plan passed the House of Delegates Tuesday, but failed to get out of the Senate despite both chambers agreeing to ban tolling on Interstate 95 in the southern part of the state.
McDonnell's Transportation Plan Doesn't Survive Senate, But I-95 Tolling Ban Does
FEB 6, 2013 2:33pm ET
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A recent phenomenon is the emergence of bonds with shorter call protection as funding alternatives for municipalities. However, the shorter call protection also dampens the potential upside for investors, which in turn reduces the price they are willing to pay.
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