Private activity bonds

The California Debt Limit Allocation Committee wants more information on the request for $600 million of private activity bond allocation.

Indian River County won’t pursue the federal litigation further, but it will proceed with a lawsuit in state court over the use of its railroad crossings.

The challenge this year will be biggest in the three states that were found by the Council of Development Finance Agencies to be closest to using their 2018 limits — California, New York and Massachusetts.

The U.S. Department of Transportation reasonably determined the Florida’s passenger train owners were qualified to receive private activity bond financing.

Another round of tax legislation is not expected to emerge until the very end of the year after the presidential election or in 2021 after a new Congress is sworn in.

The issuance limit on tax-exempt private activity bonds for Industrial Development Bonds would be raised to $30 million from the current $10 million while the limitation for first-time farmers using so-called Aggie Bonds would be raised to $552,500 from $450,000.

Reuben R. McDaniel III will head the Dormitory Authority of the State of New York.

Denver International Airport expects to pay up to $210 million in termination costs to exit a public private partnership for renovation of its main concourse.

A not-for-profit chosen by Bloomington would borrow about $300 million to finance the Mall of America indoor water park through an Arizona conduit.

Ron DeSantis appointed new Florida Development Finance Corp. board members; a bill has been introduced to place the issuer under the auspices of another state agency.

The North Tarrant Express Mobility Partners will price $1.2 billion of refunding bonds that enjoy the boost of Fitch Ratings' one-notch upgrade to BBB.

There's just no stopping the municipal momentum this holiday season. Happy shopping, investors.

The state should allocate $4 billion, the majority of its 2020 private activity bond allocation, to affordable housing, said the California Housing Consortium.

Debbie Mayfield cites an increasing number of fatalities where Virgin Trains operates between Miami and West Palm Beach.

Each state would be guaranteed $25 million in bonding authority each year, with an additional $1.25 billion in authority allocated among the states according to rural population.

Iowa accounted for $16 million of the approximately $36.1 million in aggie bonds issued in 2017, according to a recent survey by the Council of Development Finance Agencies.

California, Massachusetts and New York came closest to utilizing their volume caps for PABs in 2018, according to a recent survey by the Council of Development Finance Agencies.

Competitive pricing and speed convinced the owners of the Carlsbad, California, plant to use a taxable bank loan instead of tax-exempt debt.

The California Infrastructure and Economic Development Bank agreed to issue $3.25 billion for the proposed line linking Vegas and Victorville, California.

S&P Global reports state HFAs are maintaining high ratings this year, “buoyed by demand for affordable housing and mortgages, low interest rates, relatively low unemployment, increasing wages, and the overall strong domestic economy.”