The bipartisan legislation offers hopes for other municipal bond industry priorities.

In the past few weeks, the A's agreed with Bally's on a site and reached a tentative agreement with Nevada lawmakers for a $380 million public handout.

As a growing number of states have adopted anti-LGBTQ+ laws, California's ban on travel to those states has created difficulties for the state.

"We are looking for parity with what's in Joliet contract. That is what would successfully allow us to work with the city of Chicago and that would make that alternative the preferred alternative over a new source water project," the commission's Paul May said.

The Legacy Capital Financing Act would give the state another option to fund capital projects after a delayed annual audit prevented the issuance of bonds.

The city council is considering a $4.5 billion to $4.8 billion initial phase of the project. Legislation to stymie bonds did not pass the Texas Legislature.

To date, 332 of the 357 funds have transferred approximately $9.1 billion in assets to the consolidated fund, with most holdouts participating in the lawsuit.

All constitutional options need to be on the table, state Sen. Robert Martwick said, including fund consolidation, pension obligation bonds, new taxes and more.

Changes affecting the turnpike's board, which take effect Nov. 1, come as it awaits a court ruling on issuing initial bonds for a $5 billion project.

The $350 billion of flexible relief funding sent directly to cities, towns and states under the American Rescue Plan Act will remain untouched under the new debt deal.