Legal
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The District of Columbia Water and Sewer Authority is selling $216.5 million of revenue refunding bonds and financing the Clean Rivers Project, a massive effort designed to reduce combined sewer overflows into the local waterways.

Community Standouts
New Issuance
Brightline Florida train on the Orlando platform

While the surface transportation reauthorization remains a work in progress, advocates for high-speed rail travel are exploring the benefits of public private partnerships

Brightline Florida train on the Orlando platform

While the surface transportation reauthorization remains a work in progress, advocates for high-speed rail travel are exploring the benefits of public private partnerships

Anatomy of a Deal
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MuniThink

Treasury is requiring both more and less specificity in the public approval process for private activity bonds.

Andrew Kalotay says taxpayers would have come out half a billion ahead had the issuer waited out the call date instead of refunding their exempt bonds with taxable paper for 14 transactions between 2018 and 2020.
MuniThink

Issuers routinely refund 5% bonds in year 10, and the resulting savings can be significant. It is notable that although refunding is typically associated with declining interest rates, 5% bonds are refunded even if rates rise.

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