Florida

Owners of the privately owned passenger train project plan to ask the Florida Development Finance Corp. to approve more bonds Friday.

Its $1.5 billion unrated deal will be sold to qualified institutional buyers to finance Florida’s privately owned passenger train project.

Federal transportation officials authorized another $950 million in private activity bonds for Brightline, also known as Virgin Trains USA.

This week's deal will prime the pump for another $2.5 billion in loans Freddie Mac plans to securitize in the next two to three years.

Bond lawyers asked for a safe harbor for issuers to provide unaudited information without needing to be fearful of anti-fraud laws.

Telley Meier, IRS field operations manager for the Indian Tribal Government/Tax Exempt Bonds office, advises bond attorneys to call the examination agent if they think an audit has been erroneously selected.

Bond lawyers pushed for information from the SEC's top muni official Thursday.

The Florida Development Finance Corp. said another meeting will be scheduled to finish taking public comment on financing for the passenger train project.

All four industry groups that submitted comments on the proposed rule requested a continuation of the practice that allows remarketing reissuances at a premium.

If blockchain becomes a force in the muni market, it could take on some of the duties done by middlemen, thereby cutting costs for issuers.

FA Jeff Larson said the $2.7 billion in nonrated bonds are expected to price in late March.

The Florida Development Finance Corp. has also changed the date and location of the meeting where it will decide if it will approve the bonds.

The surge in gas deals couldn’t overcome the region’s sharp decline in refundings, which led to an overall 22.6% volume decline.

The Federal Energy Regulatory Commission said it had no authority over JEA’s agreement with the Municipal Electric Authority of Georgia to buy nuclear power.

The Florida Development Finance Corp. has been asked to approve a third private activity bond allocation for Brightline/Virgin Trains.

Federal attorneys say Florida utility JEA's effort to repudiate its power purchase agreement could undermine the entire Plant Vogtle project.

S&P Global Ratings said that the integration of Martin Health System into the Cleveland Clinic will allow greater operating efficiencies.

Ron DeSantis in Florida focuses his bond priorities on Transportation while Georgia's Brian Kemp wants to fund statewide capital needs.

The private passenger train operation that debuted as Brightline says it will stay private for now.

Indian River County will file an appeal as it continues fighting against private activity bond financing for the passenger rail project.