Private activity bonds

The California Housing Finance Agency made its first use of a program that enables it to issue bonds beyond its yearly private activity bond cap.

Without giving a reason, Florida’s bond-funded passenger rail developer severed ties with Virgin and said the train system’s name will revert to Brightline.

The letter, which includes signatures by 42 Republicans, requests an enhancement to the 4% Low-Income Tax Credit.

Federal authorities arrested Ohio House Speaker Larry Householder on charges he took bribes to support legislation that benefited bankrupt FirstEnergy.

A new law allows state agency Space Florida to sell revenue bonds for private aerospace firms without requiring approvals from the state governor or cabinet.

Citing market turmoil from the pandemic, a California conduit issuer gave the Virgin Trains USA project a five-month extension to sell $3.25 billion of debt.

Highlights of a House Democrat legislative package include a new series of taxable direct-pay bonds that would start with a federal 42% subsidy for interest expenses.

The Move America Forward Act would permanently reinstate Build America Bonds, advance refundings and expand the issuance of private activity bonds.

PABs represented 25.4% of all tax-exempt bonds issued in 2017, up from 21.5% in 2016.

Indian River County petitioned the court to overturn its unsuccessful appeal against the U.S. Department of Transportation and the passenger train operator.