Washington

The Internal Revenue Service is preliminarily challenging the tax-exempt status of bonds issued in December 2010 by the Three Rivers Solid Waste Authority in South Carolina to provide permanent financing for a system to treat and deliver methane gas from a landfill site to Kimberly-Clark Corp.

Legislators are coalescing around a federal oversight authority for Puerto Rico that could take concerns over the commonwealth’s debt, pension, and economic crises and forge unique solutions using congressionally approved oversight and restructuring capabilities.

Republican lawmakers contend that President Obama is breaking last year's budget agreement with his fiscal 2017 DOT proposal.

Far West issuers sold $83.6 billion of municipal bonds in 2015, a 26.5% increase over the prior year, as refundings continued to drive volume.

Hunton & Williams LLP has hired David Horner as a partner to work in the firm's infrastructure public-private partnerships practice.

Georgia's recently enacted supplemental state budget dedicates $750 million to transportation projects.

The Securities and Exchange Commission told Miami, Miami-Dade County, and the Marlins that no enforcement action will be recommended after a four-year-long inquiry into the financing of the team's $615.7 million stadium.

Challenges remain despite initial favorable reaction to a proposal to establish guidance for municipal securities dealers calculating prevailing market price and compensation in principal transactions.

The House will hold two simultaneous hearings about Puerto Rico on Feb. 25 before legislators are expected to begin a drafting process for a legislative solution for the commonwealth.

A Financial Industry Regulatory Authority arbitration panel in San Juan ordered UBS AG to pay an investor about $1.45 million in compensation for losses suffered by investments in its Puerto Rico closed-end bond funds.

The inadequate national investment in transportation infrastructure means it will take at least 21 years to replace or upgrade the 58,500 structurally deficient road bridges in the U.S., according to the latest bridge inventory from the Federal Highway Administration.

With time fleeting, Congress and the Administration should proceed under the authority granted them under the Territorial and Bankruptcy clauses of the U.S. Constitution.

Proposal by Democratic leaders in the Maryland General Assembly would restrict governor's authority to allocate transportation project funding.

Comprehensive or targeted reform of the federal tax code could significantly impact the revenues of most states, The Pew Charitable Trusts found in a report released Wednesday.

Oppenheimer & Co., WFG Investments, and E*TRADE were three of seven firms that the Financial Industry Regulatory Authority fined a total of $412,500 for trading municipal securities below the minimum denomination.

State lawmakers are looking at gas tax hikes and other proposals to increase funding for local transportation projects.

Lisa Washburn, a managing director with Municipal Market Analytics, is the new chair of the National Federation of Municipal Analysts.

Interstate tolling is one way to make federal transportation funding more productive, CBO says.

Standard & Poor's revised its outlook on King County, Wash.'s existing debt to negative from stable.

Federal airport grants would increase while the passenger facility charge would stay at its current level under a proposed six-year reauthorization of the Federal Aviation Administration approved late Wednesday by the House Transportation & Infrastructure Committee.