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Washington
$3B Metrorail Extension Through Virginia Begins Service
Trains are now carrying passengers on the first segment of Washington rail system extension funded with $3 billion of federal loans and toll revenue bonds.
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Infrastructure
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USDA Opens $10 Billion Rural Infrastructure P3 Fund
The Agriculture Department and CoBank have formed a $10 billion fund to spur private investment in rural public infrastructure.  more »
Enforcement
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Bid-Rigger Zwerner: Probation, Fine, No Jail
Brian Zwerner, former manager of Bank of America's municipal derivatives trading desk, received three years' probation and a $10,000 fine for mini bond bid-rigging  more »
Budget & Finance
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Startup Aims To Keep PR Bondholders In The Know
A new company is aiming to keep holders of Puerto Rico bonds informed about the court proceedings there.  more »
Taxation
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IRS: Change in PAB-Financed Project Location Okay
Using bond proceeds to construct a university athletic facility at a revised location will not cause the bonds to fail to meet public notice and approval requirements, the Internal Revenue Service ruled.  more »
Securities Law
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SEC's Muni Office Seeks Two Attorney-Advisers
The Securities and Exchange Commission's Office of Municipal Securities is hiring two new attorney advisers in the latest expansion of the team tasked with providing muni market expertise to federal regulators.  more »
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Commentary: BDA, Broker Dealers Have Constructively Engaged on MA Rule
By: Michael Nicholas
Since the release of the Securities and Exchange Commission's final municipal advisor registration rule in September 2013, the Bond Dealers of America and its members have dedicated significant efforts and resources to work with regulators, educate issuers and ultimately be prepared to make a successful implementation of the rule.

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