Infrastructure

The National Association of Water Companies is urging the Treasury Department and the Internal Revenue Service to change the remedial actions that must be taken when bonds no longer meet private activity bond restrictions, claiming the current ones deter or burden public-private partnerships.

New York's MTA has secured $200 million of insurance protection that will help pay for future repairs for storm damage to its infrastructure, the agency announced.

President Obama described a pro-growth tax reform and jobs package during a speech in Chattanooga, Tenn., on Tuesday, but many of the municipal bond-related measures proposed were ones he unveiled earlier.

Texas Gov. Rick Perry on Tuesday called a third special session after the Legislature failed to pass an $850 million highway funding measure.

New York City subway and bus fares would rise by 50% by 2023 if the MTA continues with biennial 8.4% fare increases, said the Independent Budget Office.

Milwaukee County plans to sell $51 million of new money and refunding general airport revenue bonds for General Mitchell International Airport, but received a downgrade and worsened rating outlook.

Moody's Investors Service downgraded Alaska's Airport System revenue bonds due to a slowdown in global air cargo.

Both houses of the Texas Legislature debated a compromise measure to provide more than $800 million per year for transportation funding as their second special session neared the end.

Illinois Gov. Pat Quinn has signed legislation that paves the way for the use of public private partnership to build the long-planned third Chicago regional airport in the far southwest suburbs.

Charlotte, N.C., officials are examining their options after lawmakers passed a second bill taking operations of Charlotte Douglas International Airport away from the city.