Infrastructure

States, on the front lines of implementing the new $1.1 trillion infrastructure program, want clear, flexible federal rules and the ability to tap private investment.

The refinancing will add $80.5 million to the original 2017 federal loan for the project, bringing the total to $606.7 million.

The Chicago-area transit service boards expect a boost from strong sales tax revenue and discretionary grant funding from the federal infrastructure package.

Michigan expects to receive at least $10 billion from the federal infrastructure package that will give a boost to the state's Michigan Clean Water and Rebuilding Michigan programs.

Municipal financial professionals have to work with elected leaders to develop better policies to issue more tax-exempt debt in a fiscally prudent manner otherwise the infrastructure investment gap will likely continue to grow.

The new tax-exempt private activity bond categories for broadband and carbon capture projects are designed to avoid straining state volume cap.

The U.S. DOT wants to make applying for grants in the $1.1 trillion infrastructure bill as easy as possible. More than 40 new programs will be created under the new law.

The state is selling $1.2 billion of GOs, and a recent deal from Vicksburg highlights a structure that makes a difference to the state's local governments.

Treasury may have some leeway when interpreting the new tax and buysiders say it's unlikely to hurt demand even if it becomes law.

President Joe Biden Monday signed into law a $1.1 trillion infrastructure bill.

Local governments are still processing funds from the CARES and ARPA bills.

The inability to advance refund has cost issuers up to $10 billion since 2020, according to Municipal Market Analytics, a figure lobbyists hope will help make their case.

Local and state officials, labor, and policy groups have begun putting stakes down over how to split up the federal infrastructure windfall for Illinois.

Assets ranging from airports, utilities and toll roads may come into play under P3 provisions in the infrastructure bill, which could attract public pension infrastructure investment.

The bipartisan infrastructure bill passed over the weekend, offering munis an indirect win by providing an influx of funds to state and local authorities.

The state could see nearly $45 billion, the lion's share for highways and public transportation.

Two major pieces of President Joe Biden's domestic agenda, which carry implications for the municipal bond market, advanced in the House Friday.