Special Program Root Tag

Legislation passed in Texas and other Southwest states this year seeks to increase or explore funding sources to finance water supply and infrastructure.

Pres. Donald Trump is moving forward with plans to beautify Washington, D.C. by tasking Congress to find $2 billion dollars to improve city infrastructure while also threatening to rescind federal funds from efforts to rebuild the tolled Francis Scott Key Bridge in Baltimore.

"The careers of most financial advisors are transactional. They make money on bond deals. The more they do, the more money they can make," James Martling said. "But we got into long-term counseling for clients on long-term infrastructure projects." 

The relative rarity of the credit was compounded by their source of funds, the deal's size, and bond ratings slightly lower than New York state and city. 

Ryan's selection may indicate an SEC aiming to resolve more violations by other means than enforcement actions, one lawyer said.

The State Bond Commission approved 21 municipal entities' elections on tax increases for infrastructure projects, with the increases possibly supporting bonds.