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An issuers fare revenues for bus service along privately operated highway lanes would not cause bonds to be used to finance the lanes to be private-activity bonds, the Internal Revenue Service ruled.
May 12
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State Rep. John McGinnis wants to shorten the Pennsylvania pension amortization period from 30 years to 20.
May 12
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Lawmakers who vote to raise state gas taxes don't face an irate electorate at the next election, according to an analysis in seven states. Rep. Deb Fischer, R-Neb., introduced a bill to create a National Infrastructure Bank.
May 12
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The municipal markets credit and rate volatility last month could produce buying opportunities, according to a report from BlackRock Inc.
May 12
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All federal transportation payments to states will stop as of June 1 unless Congress extends the short-term fix to the Highway Trust Fund before it expires May 31, Transportation Secretary Anthony Foxx said Monday in a letter to state transportation directors.
May 11 -
California has $80 billion of highway needs through 2025 with only $20 billion of available transportation funding.
May 11
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The tax-exempt financing committee of the American Bar Association's taxation section is working on a paper that will identify for tax regulators modifications to tax rules that could facilitate public-private partnerships.
May 11
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Moody's Investors Service and Standard & Poor's both downgraded the California Institute of May 11 ahead of a $400 million taxable bond deal it plans to price on May 14.
May 11
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Standard & Poor's on May 5 revised its outlook to negative on Atlantas Morehouse College bonds due to declining enrollment and increasing operating pressure.
May 8 -
The Tennessee State School Bond Authority closed on a bond offering May 7 that saved the state $12.9 million in addition to financing construction projects at colleges and universities.
May 8 -
Weekly volume is estimated to come in at $8.4 billion, with the Salt River Project agricultural improvement and power district's $833 million of electric system revenue bonds leading the way. The state of Connecticut is coming with $500 million of GO bonds and the PA turnpike commission is scheduled to come with $494.56 million of turnpike revenue bonds.
May 8
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A radio ad campaign targeting congressional leaders warns that inaction on the restoring the HTF imperils state highway and transit projects.
May 8
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased nine basis points to 4.39% in the week ended May 7 from 4.30% in the previous week.
May 7 -
The authors of a new paper from The Hamilton Project at Brookings propose four short-term and three long-term ways to address the need for infrastructure investment in the United States, including a revival of the Build America Bond program.
May 7
