Infrastructure

The California High Speed Rail Authority said state funds and a potential public-private partnership would be able to cover the initial Central Valley segment.

The bill would exempt lead service line replacement projects from the IRS' private business use test.

Bexar County officials passed a resolution related to a potential Nov. 4 ballot measure on venue taxes for a new San Antonio Spurs basketball arena.

Cities and states have until Aug. 1 to apply for the funds.

The bullet train's delays and cost overruns amount to a material project change and event of default under the federal-state agreement, the FRA said.

The American Association of Port Authorities is pushing back at the Trump administration's One Big Beautiful Bill Act over plans to curtail two key grant programs vital to the maritime sector.

The SEC charged two entities with violating federal securities laws by advising clients on municipal bonds without properly registering as municipal advisors.

As bond issuers and the infrastructure industry ponder a post-BIL future, some look to Europe for how P3s and privatization could help spur investment and raise grades on the infrastructure report card.

The revenue bonds, which would help finance a bigger convention center to replace the city's current facility, would be issued in the first half of 2026.

Congress needs to lift limitations on tax-exempt private activity bonds, say transportation advocates.

"We have got to keep the money coming in to transit," said Sen. Elizabeth Warren D- Mass.

As the Trump administration puts its stamp on dispensing infrastructure funding, proponents of P3's, PABs, federal and formula funding are squaring off against grants to state and local governments.

Private investment is key to the train's future, said the CEO.

Flight delays and safety concerns at Newark Airport has pushed FAA funding levels back into the headlines as the idea of issuing user fee supported bonds to provide a non-political revenue stream comes back to life.

The rating agency expects a decline in U.S. air passenger numbers this year due to a deceleration in U.S. economic growth, it said in a report this week. 

The bonds have not reacted to the most recent negative ratings actions, although one buysider said that may soon change.

The downgrade pushes $2.2 billion of private activity bonds issued for the passenger train startup though the Florida Development Finance Corp. to junk.

The U.S. Department of Transportation rolls out $3.2 billion via 329 infrastructure grants that will fund more than 3,200 projects that the agency contends were tangled up in red tape and DEI requirements.

Amid deep cuts to public K-12 schools, the proposed budget would boost charter school investment as the administration said "more local school options are needed."

With a funding agreement in the state budget, the Metropolitan Transportation Authority is gearing up to start capital repairs — and find $3 billion of savings.