Private activity bonds

Republicans have repeatedly criticized the California high-speed rail project as a waste of taxpayer money.

The decision by the District of Columbia-based U.S. Appeals Court will officially vacate the Surface Transportation Board's environmental approval for the project.

The delays have led to a technical default by the design-build contractor on the $450 million project to design, finance, build, operate and maintain the Thruway's 27 service areas.

The projects range from airports to ports and transit-oriented development.

The commonwealth revamped its P3 law last year in the wake of a court ruling striking down a tolled bridge program.

California-based Fulcrum Bioenergy will build a facility in Gary that converts household garbage into sustainable synthetic aviation fuel.

Fitch Ratings replaced its negative watch with the negative outlook, citing the lack of clarity around contractor claims of cost overruns.

The Amtrak-Texas Central proposal to build high-speed rail between Dallas and Houston would take land "from American citizens and put it under the control of a Japanese company," a pair of Texas Republican representatives told the FRA.

The MAMBA Act would modernize IRS rules affecting private activity bonds.

The authority approved $1.3 billion in conduit financings at its meeting Tuesday.

When Los Angeles World Airports CEO Justin Erbacci steps down next month, Beatrice Hsu will step up as interim CEO.

Bondholders granted some breathing room to the speculative-grade polypropylene recycling project along the Ohio River, now reported to have entered production.

The legislation would boost the size limitation of industrial revenue bonds and expand the uses of proceeds.

Ambiguous language in the legislation is one of a handful of reasons why issuers have not taken advantage of the new financing tool.

The $250 million in debt being issued for Montana Renewables is equal to nearly half the state's issuance for last year.

Passing the Affordable Housing Credit Improvement Act could boost housing bond issuance.

A demand survey conducted by CDLAC in November foreshadowed $11 billion in requests from applicants for the state's private activity bonds.

The 150-acre facility is expected to create about 200 local full-time positions and between 500 and 1,000 indirect local jobs.

The borrowing, which will be backed by availability payments, will finance the first six of the state's nine-span Major Bridges P3 program.

South Carolina-based Jasper Pellets borrowed $12.5 million in private activity bonds in 2018. A deal to settle the firm's Chapter 11 bankruptcy pays the debt.