Washington

WASHINGTON — Rep. Doris Matsui, D-Calif., has asked the Treasury Department for clarification of a tax law provision pertaining to qualified energy conservation bonds that she fears may be unintentionally preventing a solar-panel factory project in her district from taking full advantage of all the tax incentives available.

WASHINGTON — A new study released this week by the Government Accountability Office shows that nearly all states have gotten back at least as much money as they contributed to the federal highway trust fund — a revelation that contradicts some lawmakers’ claims that certain states are subsidizing others’ highway and bridge costs under the current system.

WASHINGTON — The Municipal Securities Rulemaking Board Wednesday filed ­changes with the Securities and Exchange Commission on a ­controversial proposal that would dictate the priority of retail and other customer orders in primary offerings, as well as dealers’ related record-keeping responsibilities.

The Senate is poised to pass legislation that would extend and phase out enhanced federal Medicaid payments to states for six months through June 30, 2011, as well as provide $10 billion to local school districts to prevent an estimated 140,000 educators from being laid off.

WASHINGTON — Private-activity bond issuance lagged in 2009 for the second year in a row, despite efforts by Congress to make the bonds more attractive, as the recession continued to take a toll on this part of the municipal market, according to an annual survey and market participants.

Moody’s Investors Service is seeking commentary as it considers updating its rating methodology for municipal debt that is backed by letters of credit.

State and local government spending increased in the second quarter of 2010 for the first time in a year as municipalities splurged on capital improvements, but economists cautioned that the growth is unlikely to continue in the second half.

Recently introduced legislation extending several temporary bond provisions is not expected to be voted on by the House until September at the earliest, despite attempts from Democratic leaders to move quickly on the measure.

WASHINGTON — Twenty-four municipal market groups have signed a letter praising House Ways and Means Committee chairman Sander Levin for introducing legislation to extend several temporary muni bond provisions, and calling for continued support of municipal issuers during tough economic times.

WASHINGTON — Rating agencies have expressed serious concerns about the District of Columbia’s financial status, particularly regarding its foreclosure this month on a troubled hospital, according to a letter the chief financial officer sent to city officials Wednesday.

WASHINGTON — House Ways and Means Committee chairman Sander Levin Wednesday introduced a new bill that enables Congress to make another attempt at extending several bond provisions slated to expire at the end of the year, including Build America Bonds.

WASHINGTON — The Justice Department Tuesday indicted three former financial services executives — Dominick P. Carollo, Steven E. Goldberg and Peter S. Grimm — on a total of 12 criminal counts for allegedly participating in wire fraud schemes and conspiracies in connection with the bidding for investment contracts for municipal bond proceeds over a seven-year period.

ALAMEDA, Calif. — Washington has upsized the refunding component of Wednesday’s general obligation bond sale, bringing the amount of debt being priced to $839 million.

WASHINGTON — A draft bill released by House Ways and Means Committee chairman Sander Levin late Monday would authorize over $5 billion in new bond authority for renewable energy projects and open the door for private-activity bonds to be used by states and localities to finance energy-efficient upgrades to residential homes.

Members of Congress and local officials yesterday pushed for passage of pending legislation that would create jobs at the county and city level, in an effort to avoid losses of up to 500,000 government jobs over the next year and a half.

WASHINGTON — The Municipal Securities Rulemaking Board is wrestling with how much it needs to increase its staff, technological capability, and funds to implement provisions of the new financial regulatory reform law that require it to make the most expansive changes since its creation in 1975.

A discussion draft of a new bill unveiled yesterday by House Ways and Means Committee chairman Sander Levin, D-Mich., would allow state and local governments to issue tax-exempt private-activity bonds to finance energy improvements to residential homes and would authorize more than $5 billion for new renewable energy bonds.

Airports may begin seeking more public-private partnership agreements as financing needs mount and more private investors step forward, market participants said at a panel here last week.

WASHINGTON — The Obama administration is ­opposed to a gasoline tax increase or mileage fee to generate revenue for the next multi-year transportation bill, but would support a number of public and private options ­including bond-related financing, Transportation Secretary Ray ­LaHood said Friday.

WASHINGTON — House Ways and Means Committee chairman Sander Levin plans next week to unveil new jobs legislation that would extend Build America Bonds and other muni bond initiatives that are set to expire at the end of the year.