Infrastructure

The House Appropriations Committee on Thursday approved a fiscal 2017 appropriations bill that would reduce funds for the Internal Revenue Service, the Securities and Exchange Commission and the District of Columbia.

South Carolina Gov. Nikki Haley gave her assent to a bill authorizing $2.3 billion of revenue bonds for highway projects.

Construction of Maryland's Purple Line P3 rail project will be financed with PABs and a low-interest TIFIA loan.

Voters in Wake County, N.C., will decide in November whether to approve a 0.5% increase in the local sales tax to fund a 10-year, $2.39 billion transit plan to reduce highway congestion in the Raleigh area.

The U.S. Department of Transportation has received 585 applications seeking $9.3 billion of Transportation Investment Generating Economic Recovery (TIGER) grants – almost 19 times more than the $500 that is to be awarded later this year.

The condition of the state’s road network will worsen without additional investments in highway infrastructure, said Illinois Transportation Secretary Randy Blankenhorn.

A nonprofit group in Austin, Texas, wants a November vote on $397 million of GO bonds for first phase of a light rail line.

South Carolina Legislature approves transportation funding bill backed by $2.3 billion of road revenue bonds.

The North Carolina House Transportation Committee on Wednesday passed House Bill 954, which would unwind the state’s $648 million Interstate 77 project with Cintra Infraestructuras SA.

Almost $1.2 billion of debt that will finance work on Maryland’s Purple Line P3 rail project is rated at BBB-plus by Fitch.

Bill proposed by Sen. Deb Fischer, R-Neb., would authorize five P3s to finance and build VA medical facilities and cemeteries.

The Palmetto State should merge its state infrastructure bank into the transportation department, auditors said.

Water infrastructure bill adopted by House panel does not include drinking water provisions found in Senate committee’s plan.

President Obama is threatening to veto legislation approved by the House that would effectively block the District of Columbia from achieving budget autonomy and home rule.

Oregon panel says state needs an additional $964 million per year to maintain and protect its existing transportation infrastructure.

Airport groups, public power systems and a muni advocate group have joined the growing chorus of muni market participants calling for the Internal Revenue Service to withdraw its proposed rules on political subdivisions.

House Appropriations Committee adopted a proposal to increase highway and transit funding by $1.25 billion in 2017.

State and national transportation groups oppose Senate plan to reclaim more than $2 billion of unobligated highway funds.

California cut or delayed $1.5 billion of projects from a five-year road program as gas tax collections continue to fall.

Four port authorities and a wholesale electricity provider are warning that rules proposed by the Treasury Department and Internal Revenue Service earlier this year could hurt their standing as political subdivisions and their ability to issue bonds as well as complicate their governing structures.