Infrastructure

The Southern California Logistics Airport Authority is using tax increment distribution revenue to cure most bond defaults, but will default on new payment, according to a document posted on EMMA.

A bill introduced in the Senate mirrors legislation pending in the House proposal to remove the state volume cap on private activity bonds issued for water utility projects.

The Federal Transit Administration awarded about $167 million to the Port Authority of New York and New Jersey and $67 million to New Jersey Transit to help both agencies continue rebuilding and replacing after Hurricane Sandy.

Qualified 501(c)(3) bonds are a financing tool that can be used to grow nonprofits' clean-energy infrastructure and reduce their energy expenditures, the Clean Energy and Bond Finance Initiative said in a recently released paper.

P3s are useful financial tools, not magical risk-free solutions, for increased state funding of transportation projects, NASBO says.

The decade-long process leading to the construction of the new $1.26 billion Gerald Desmond Bridge to serve the Port of Long Beach, Calif. is gathering steam.

Mayor Eric Garcetti has nominated Gene Seroka, an executive with APL shipping line, as executive director of the Port of Los Angeles.

More oversight is needed of how the Transportation Department awards TIGER transportation grants, Government Accountability Office says in a new report.

Efforts are under way in Congress to amend a new federal loan program for water infrastructure that excludes tax-exempt bonds from the project funding package.

Not long after Citi analysts said they see value in the toll-road sector, the Miami-Dade County Expressway Authority plans to price $340 million of toll-revenue bonds in early June.