Infrastructure

The Virginia attorney general's office has issued an opinion that a sweeping new transportation law passed by the legislature last month violates the state constitution.

Moody's Investors Service downgraded Dallas-Fort Worth International Airport's revenue bonds to A2 from A1 ahead of nearly $800 million of bonds expected to be issued in April.

Florida's Santa Rosa Bay Bridge Authority has scheduled a meeting April 10 but a resolution to the agency's ongoing default on $131.2 million of bonds is not expected to be on the agenda.

A proposal by state officials for a municipal road and bridge revolving fund brings under-the-radar Rhode Island Clean Water Finance Agency to the forefront.

Chicago must compensate the private operators of four downtown city- and park district-owned parking garages for $58 million in lost revenue and interest stemming from the city's approval of a competing parking facility.

Fewer than half of likely California voters favor current plans for construction of a bullet train system or support an $11 billion water bond slated for the 2014 ballot, according to a public opinion poll.

A U.S. Senate panel gave its stamp of approval this week to legislation that would create a federal loan and loan guarantee program for water infrastructure that could augment bond financing and public private partnerships.

Louisiana Bond Commission to pick underwriters and bond counsel for $173 million refunding of highway revenue bonds.

The Florida Cabinet Tuesday authorized the issuance of up to $490 million of turnpike refunding bonds to lower interest rates within existing maturities.