Private activity bonds

The deaths of people who ignored railroad crossing warning lights and barriers triggered new calls for state and federal regulators to strengthen railroad safety laws.

Tax-exempt private activity bonds, which came close to being terminated in tax reform legislation, are now a centerpiece of the Trump administration's leaked infrastructure plan -- and market participants hope to use this as a springboard for a return of tax-exempt advance refundings.

President Trump's purported latest infrastructure plan would remove state volume caps, advance refunding prohibitions and state volume caps from private activity bonds used for infrastructure.

Sens. John Cornyn, R-Texas, and Mark Warner, D-Va., introduced their bill to expand PABs the same day that the U.S. Chamber of Commerce recommended such an expansion in its four-part infrastructure plan.

The centerpiece of the U.S. Chamber of Commerce's four-part infrastructure plan is a 25 cents per gallon increase in the federal gas tax.

Bondholders now have until Jan. 26 to agree to the tender exchange on up to $435 million in bonds.

Experts are uncertain how significant the decline in multifamily housing bond issuance in 2018 might be.

A bipartisan group of House lawmakers have issued a report calling for the state volume caps to be removed for private activity bonds used to help finance infrastructure projects.

After Congress almost did away with them in the recently enacted tax legislation, tax-exempt private activity bond volume caps for states will see an increase for 2018.

The Iowa Fertilizer Co. LLC is seeking a tender exchange for up to $435 million of bonds.

The USDOT's approval of the allocation triggered threats from opponents that legal action will be taken.

The urgency for healthcare issuers to sell tax-exempt bonds is gone after private activity bonds survived tax reform.

When the future of tax-exempt bonds for nonprofits was unclear, the Dormitory Authority of the State of New York unleashed many end-of- year transactions.

Indiana’s experience provides a roadmap for what can go wrong in a private partnership, though it's not indicative that the funding technique is flawed.

Market experts see less municipal bond volume next year, far fewer bank loans, new buyers of bonds, and more volatility if the tax bill is enacted as expected.

Approval of the tax reform bill led the Florida Development Finance Corp. to cancel its Monday meeting to approve a deal for the train project.

Colorado and its private partners on redevelopment of a 10-mile section of Interstate 70 are in the market with $116.9 million of PABs.

The future accessibility of private activity bonds and stadium bonds is the massive tax bill's gift to the municipal market this holiday season. However, the bill also brings coal in the form of a year-end halt to advance refundings and a drop in the corporate tax rate.

Concerned about the tax bill before Congress, the private passenger train owners want to issue bonds by Dec. 31.

Muni issuers are being forced to take action on tax-exempt private activity draw-down bonds and commercial paper because of the House tax bill.