Investments

Municipal experts awaiting the Federal Reserve’s decision on interest rates said a host of other stressors – from a lack of supply and credit concerns to unfunded pension liabilities and yield curve positioning – were high on their list of concerns heading into the new year.

CALIFORNIA

INDIANA

New York education, healthcare and non-profit issuers with strong credit will now be able to expedite their transactions under new guidelines approved by the Dormitory Authority of the State of New York.

Virginia’s transportation taxes are $1 billion less than expected due primarily to low revenues from its gasoline sales tax.

Global equity investors and sponsors continue to demonstrate strong interest in investing in U.S. infrastructure, notwithstanding the relatively anemic pipeline.

NEW JERSEY

ALABAMA

Tax regulators are open to the idea of writing special issue price rules that would treat bonds sold in competitive deals differently than those sold in negotiated deals, Treasury Department associate tax counsel John Cross told issuers meeting here on Friday.

In the week ended Dec. 10, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell to 4.26% from 4.27% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Georgia expects to save $421 million reconstructing a critical intersection in Atlanta by entering into a public-private partnership with North Perimeter Contractors.

SUNY Chancellor Nancy Zimpher is making an impassioned pitch for more funding while challenging the system from within.

INDIANA

ALABAMA

Municipal bond funds reported inflows for the 10th straight week, according to Lipper data released on Thursday.

Four potential private partners have submitted financial proposals for Maryland’s $2.16 billion Purple Line light-rail project.

A provision in the new transportation funding law that lifts the ban on using tax-exempt bonds in conjunction with federal loans will result in lower borrowing costs for water utilities, Fitch Ratings said on Thursday.

ARIZONA

ARKANSAS

Virginia Transportation Secretary Aubrey Layne opts for P3 financing of a $2.1 billion system of tolled express lanes.