Infrastructure

While Chicago general obligation paper faces steep trading penalties and rating challenges, the city’s airport paper is faring much better.

The Regional Transit Authority of Southeast Michigan plans to ask voters in Wayne, Oakland, Macomb and Washtenaw counties to approve a 1.5 mill property tax increase for improved transit .

Bill proposed by Sen. Deb Fischer, R-Neb., would authorize five P3s to finance and build VA medical facilities and cemeteries.

Vice President Joseph Biden visited Rhode Island to trumpet the state’s sweeping $500 million bridge-and-road improvement plan.

California’s high-speed rail project appears to have survived one legal challenge, as Kings County, Calif. will not further contest the legality of the bonds supporting the train.

The Palmetto State should merge its state infrastructure bank into the transportation department, auditors said.

The Indianapolis Airport Authority has reached a settlement agreement with the Internal Revenue Service over rebate liability in connection with $347 million of tax-exempt bonds issued in 2006.

The Internal Revenue Service is auditing $105.48 million of passenger facility charge revenue bonds issued by Clark County, Nev., in 2007 to finance capital improvements at McCarran International Airport.

Water infrastructure bill adopted by House panel does not include drinking water provisions found in Senate committee’s plan.

The advantages a hot municipal bond market creates for issuers were on display this week when the Los Angeles County Metropolitan Transportation Authority priced a refunding deal.