Infrastructure

CHICAGO - The trustee on $113 million of bonds that financed construction of privately owned Branson Airport drew on supplemental reserves to make a July 1 debt service payment as the operators work to bolster business and stave off future enforcement actions by bondholders.

The Maine Turnpike Authority is suing former chief executive Paul Violette, demanding he repay $524,000 it alleges he cost the agency between 2003 and 2011.

The chairwoman of the Senate Environment and Public Works Committee said Thursday that she wants the panel to approve a bipartisan, two-year $109 billion transportation reauthorization bill before Congress leaves for its August recess.

A California appellate court will hear a public employee union’s appeal next month after a court denied a lawsuit over the Presidio Parkway public-private partnership.

WASHINGTON - The Metropolitan Washington Airports Authority board of directors did a turnaround on Wednesday and voted 11 to 1 to approve the construction of an above-ground station for the metrorail extension to Dulles International Airport.

WASHINGTON - Transportation advocates told members of Congress on Wednesday that a healthy tax-exempt bond market, an expansion of the use of private-activity bonds, and the reinstatement of Build America Bonds would help finance much-needed infrastructure improvements.

DALLAS - The Central Texas Turnpike System, which operates three tollways in the Austin area, is counting on higher subsidies from the state after revenues fell $100 million short of covering debt and operating costs, officials said.

WASHINGTON - An investor holding bonds wrapped with insurance from ACA Financial Guaranty Corp. has filed a lawsuit against the moribund insurer, which says it is no longer obligated to pay insurance claims related to the bonds following the issuer’s Chapter 9 restructuring agreement.

SAN FRANCISCO - A controversial Alaska public-private partnership toll bridge project has moved a step ahead this month despite years of hurdles.

A bill signed last week by Louisiana Gov. Bobby Jindal will complete the final $160 million of financing for two segments of Interstate 49 North that will connect Shreveport to the Arkansas line.