Sen. Robert Menendez, D-N.J., has introduced legislation that would exempt all water and sewer exempt facility debt from the private-activity bond volume cap.

The Sustainable Water Infrastructure Investment Act, S. 3262, introduced on April 27, mirrors a provision found in the Small Business and Infrastructure Jobs Tax Act of 2009, which was passed by the House in March. That bill includes a number of municipal bond provisions, most notably one that would extend the Build America Bond program until April 1, 2013.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.