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The Massachusetts Port Authority plans to issue $110 million of private-activity bonds before the end of 2010 to take advantage of the federal government’s temporary suspension of the alternate minimum tax for such deals.
February 19 - New York
New York plans to competitively price $448 million of new-money general obligation bonds on Thursday as the state grapples with closing a sizeable budget gap.
February 19
- New Jersey
The triple-A rated New Jersey Environmental Infrastructure Trust Wednesday will sell $130 million of tax-exempt bonds via competitive bid to help finance clean water projects throughout the state.
February 19
- Maryland
WASHINGTON — In an effort to take advantage of the 35% subsidy rate for Build America Bonds while it lasts, Maryland plans to competitively sell its largest BAB issue to date — $400 million — as well as $200 million of advance refunding bonds on Wednesday.
February 19 - New York
The New York City Transitional Finance Authority next week plans to privately place $375 million of Build America Bonds and traditional taxable municipal bonds with the New York State Division of Lottery and to market its first competitive BAB deal as part of a $900 million transaction.
February 18 -
New Jersey Acting Treasurer Andrew Eristoff Thursday told a Senate committee that the New Jersey Transportation Trust Fund Authority may refund bonds to help generate needed borrowing capacity in fiscal 2011.
February 18 -
NJ Transit may increase fares on buses and trains as early as May to help absorb a $33 million funding cut from the state and help plug a projected fiscal 2011 deficit of nearly $300 million.
February 17 - Pennsylvania
The Harrisburg Authority's incinerator debt has enough funds in its debt-service reserve accounts to meet a March 1 payment to investors, according to Assured Guaranty Municipal Corp.
February 16 - Connecticut
The Connecticut Housing Finance Authority plans to begin selling $275 million of bonds today in a deal that will help effectively establish a revolving fund.
February 16
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Cash-strapped Harrisburg, Pa., could miss a March 1 debt-service payment of $2 million on debt backed by Pennsylvania’s capital city, according to city Controller Dan Miller.
February 12
