Infrastructure

Austin's airport hotel is seeking new terms from creditors on $40 million of bonds that were restructured a decade ago. The bonds are again in default after revenues fell short of debt service requirements.

President Obama's fiscal 2016 budget, unveiled Monday, includes several new bond proposals and a number of bond-related proposals that have been in past budgets.

The Chicago Transit Authority struck a $32.5 million deal with four telecommunications companies to finance the upgrade of wireless phone service in the authority’s subway system to a 4G network.

The Chicago Transit Authority received AA-minus and A-plus ratings on its planned $120 million TIFIA loan for the renovation of a major rail transit line.

Sen. David Vitter, R-La., has reintroduced legislation that would prevent the federal government from providing assistance to any state or local government, including loans, loan guarantees, lines of credit, and grants. It would, of course, have exceptions for responses to disasters like Hurricane Katrina.

Moody's Investors Service downgraded Texas school bus operator Dallas County School District's $67 million of general obligation debt to Baa1 from A3 and retained a negative outlook.

New study recommends adding a separate account within the Highway Trust Fund for multimodal transportation infrastructure projects.

The Georgia General Assembly plans to debate a bill that would provide more than $1 billion in new transportation funding in this year's session.

Two senators have proposed a corporate tax repatriation plan to pump billions of dollars of new revenue into the Highway Trust Fund.

Legislation raising Iowa's gasoline tax by as much as 10 cents to bolster state transportation spending is being prepared with several key lawmakers saying the bill stands a good chance due to mounting bipartisan support for action.