Infrastructure

The long-stalled bipartisan energy modernization bill is expected to move forward in the Senate without an amendment that would have provided Flint, Mich. with $220 million to address its ongoing water crisis.

Louisiana’s fiscal problems require that the state alter how it prioritizes capital outlay projects, particularly those financed with state bonds, said Commissioner of Administration Jay Dardenne.

Members of a House panel rebuffed a request from WMATA for $300 million per year of additional federal funding.

A plan to reduce Oklahoma’s $1.3 billion budget shortfall would include $500 million of bonds for highway projects under a plan announced by Gov. Mary Fallin.

Upgrading San Francisco’s vulnerable northern seawall to protect against earthquakes and rising sea level could cost $5 billion.

The National Association of Bond Lawyers is calling for the Internal Revenue Service and Treasury Department to revise and re-propose rules that would determine when entities are political subdivisions that can issue tax-exempt bonds.

Maryland legislators have overridden Gov. Larry Hogan’s veto of a bill requiring ranking of transportation projects.

The Conroe Industrial Development Corporation in Texas has paid a penalty and agreed to redeem bonds under the Internal Revenue Service’s voluntary closing agreement program (VCAP) to settle a tax violation relating to bonds it issued in 2008 and refunded in 2012.

As it delivers growing numbers of commuters through Houston’s congested car culture, the Metropolitan Transit Authority of Harris County will make a side trip to the municipal market with $136 million of refunding bonds.

The Indiana Finance Authority’s $250 million 2014 private activity bond issue for the I-69 Section 5 project received a one-notch Fitch Ratings downgrade to BBB-minus.