Infrastructure

The SEC charged two entities with violating federal securities laws by advising clients on municipal bonds without properly registering as municipal advisors.

As bond issuers and the infrastructure industry ponder a post-BIL future, some look to Europe for how P3s and privatization could help spur investment and raise grades on the infrastructure report card.

The high court reversed a lower-court ruling that yanked federal approval for the Uinta Basin Railway; backers hope to finance it with private activity bonds.

This episode takes us inside The Bond Buyer's recent Southeast Public Finance Conference, where airport finance leaders from Orlando and Tampa discussed shifting passenger trends, modular capital planning, federal grant concerns, and why long-term growth still looks strong.

The revenue bonds, which would help finance a bigger convention center to replace the city's current facility, would be issued in the first half of 2026.

Congress needs to lift limitations on tax-exempt private activity bonds, say transportation advocates.

"We have got to keep the money coming in to transit," said Sen. Elizabeth Warren D- Mass.

The deal includes a mix of new money and refunding, with a small forward-delivery series, as the authority plows forward with capital plans.

As the Trump administration puts its stamp on dispensing infrastructure funding, proponents of P3's, PABs, federal and formula funding are squaring off against grants to state and local governments.

The Indianapolis Local Public Improvement Bond Bank priced $125 million revenue bonds, with delivery expected next week.