Private activity bonds

A project that dealt municipal bond investors one of the biggest high-yield defaults of the past decade is about to ask them for more cash

While the bipartisan deal includes some helpful provisions, it does not contain any of the top priorities of municipal bond market advocates.

Wednesday will be the first Senate vote on advancing a bipartisan infrastructure deal.

State and local government groups want the focus on reinstating tax-exempt advance refunding bonds and expanding the current financing tools.

Brightline Holdings will wait until 2022 to try again to finance a passenger train to Las Vegas from Southern California with tax-exempt bonds.

The roughly $1 trillion bipartisan plan would rely heavily on municipal financing tools to achieve $1 trillion in investment with any new federal taxes.

The group is also urging Congress to enact enhancements for aggie bonds and industrial development bonds.

Walorski is a co-sponsor of two bills in the current Congress to expand the use of private activity bonds in financing public buildings and affordable housing.

The California treasurer also suggests adding flexibility to federal rail grants ,which are typically reserved for government projects, to include jointly undertaken public-private partnerships.

Kestrel Verifiers has certified as green a tranche of bonds that will finance the ethanol plant in California's economically challenged Imperial Valley.