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Inflation and material shortages are accelerating the P3 trend of bringing in a private team before price is finalized, which could expose investors to cost-escalation risk.

Vern Breland is representing himself, and told a court he relied on his municipal advisor.

Bond issuance in the Southwest region was down 10.1% to $40.8 billion from January through June compared to the same period in 2021.

Funding transit infrastructure is one of the county's key initiatives and also reinforces its policy to reduce carbon emissions, increase mobility equity and promote transit-oriented development, says Fitch's Michael Rinaldi.

Spreads on underwriting municipal bonds dipped to below $4 per $1,000 on issues in the first half of 2022 due to heavy competition and a shrinking volume of deals — the lowest figures reported in two decades.

Total volume in the first half of the year was at $209.718 billion in 5,153 deals, down 11.2% from the $235.836 billion in 6,793 over the same period in 2021, according to Refinitiv data.

The two main insurers, Assured Guaranty Municipal Corp. and Build America Mutual, accounted for $17.132 billion of deals in the first two quarters compared to $18.794 billion a year earlier.

Environmental facilities and public facilities saw the largest contraction in issuance.

Democrats say the $740 billion legislation would mark the largest climate change mitigation investment in the country's history.

New-issue volume grows to $10.7 billion led by a $2.7 billion taxable Massachusetts ESG deal, $1.35 billion of Oklahoma natural gas taxables, $1.25 billion from the Regents of the University of California and $1.1 billion from New York City.