Far West

WASHINGTON — There are 10,000 transportation infrastructure projects under way in all 50 states and the District of Columbia with funding from the American Recovery and Reinvestment Act, Vice President Joe Biden announced yesterday.

DORAL, Fla. — The Treasury Department is “acutely aware” of the importance of the continuity of federal subsidy payments under the Build America Bond program, an official said yesterday.

SAN FRANCISCO — The Los Angeles Department of Airports plans to sell $898 million of revenue bonds next week to finance the rebuilding of the Tom Bradley International Terminal at Los Angeles International Airport.

WASHINGTON — President Obama Thursday signed a $17.6 billion jobs bill that enables municipal issuers to receive direct, Build America Bond-style payments from four types of tax-credit bonds.

WASHINGTON — The Senate yesterday voted 68 to 29 to pass a $17.6 billion jobs bill requiring the Treasury Department to provide Build America Bond-style direct payments to municipal issuers of four types of tax-credit bonds, if they want them, instead of offering tax credits to investors.

WASHINGTON — The Treasury and Education departments yesterday allocated $11 billion of authority for states and large local educational agencies to issue $11 billion of qualified school construction bonds this year.

The House yesterday unanimously approved a bill that would provide a three-month extension of aviation programs, including airports’ ability to collect fees they use to back bonds. The bill also includes provisions that would change how some surface transportation funds are distributed.

SAN FRANCISCO — California is preparing another multibillion-dollar general obligation bond sale next week with a backdrop of both bad news and good news.

WASHINGTON — In a turnaround over a controversial test, the Internal Revenue Service has withdrawn seven notices that had threatened the tax-exempt status of 12 solid-waste bond issues sold for Atlanta-based Georgia-Pacific LLC over a nine-year period.

WASHINGTON — Moody's Investors Service plans in mid-April to move to a global scale for its municipal bond ratings so that they are more in line with its corporate debt ratings, after postponing the initiative during the height of the financial crisis.