Munis

This month the University of Michigan sold $1.2 billion and Michigan State University sold $500 million of taxable 100-year bonds.

The legislation would allow tax-exempt financing for the replacement of privately owned lead service lines.

The Chicago-based organization is more than a quarter century old and intent on growing.

The low-interest federal loans will complete financing packages for Virginia's express lane extension outside Washington D.C. and Maryland’s Purple Line light rail project.

Forty-one of the state's 115 school districts are floating bond measures or seeking tax levy increases.

The MSRB’s annual fact book, released on Wednesday, shows that par amount trading volume was down 28% in 2021 when compared with 2020.

The Turnpike Authority is gearing up bond financing for a $5 billion capital plan, and will pick a team of underwriters and others later this year.

The University of Michigan follows Michigan State this month in joining the club of universities offering 100-year bond maturities.

In a Bond Buyer survey, 57% of participants believe issuance will be less than $475 billion. Additionally, 47% said ESG would have the greatest impact on the public finance industry in 2022.

“I want to break ground next year,” Kentucky Gov. Andy Beshear said.

February volume was $26.481 billion in 594 deals versus $37.052 billion in 981 issues a year earlier, bringing total volume for the first two months of the year to $51.426 billion, or 20% less than 2021.

SIFMA had argued that the SEC's temporary exemption order for municipal advisors was arbitrary and capricious.

Municipal bond issuance in the region was down 11.7% year-over-year in 2021, as new money, refunding, taxable and tax-exempt volume all slipped.

Gov. Steve Sisolak plans to dedicate $500 million in federal funds to developing affordable housing.

Issuers in California sold more than $86 billion of municipal bonds in 2021.

A judge has ordered the state to reconsider its rejection of a bid for a $9 billion P3 for new toll lanes, a move that could delay Gov. Larry Hogan’s priority project.

Moody's Investors Service said the upgrade reflected the university's robust, sustainable operating margins supported by consistent growth in tuition revenue.

Overall volume in the Southeast rose 1.8% last year even as taxable issuance plunged and refunding deals shriveled up.

The proposal would offset all gas tax losses to the Highway Trust Fund but would still hasten its insolvency.

Municipal bond issuance in the Midwest reversed course last year, falling by 7.4% to $77.5 billion.