Private activity bonds

The expiration of a federal highway bill could provide a catalyst for expanding bonds, according to former Senate Finance Committee tax counsel, Ryan Abraham.

Protesters targeted investors in prisons and Puerto Rico bonds at the Museum of Modern Arts' opening.

The judges appeared to reject the separate argument that passenger rail projects constitute an ineligible use of the PABs which are meant for highway use.

The private activity bonds would be used to help finance the planned Virgin Trains USA line to Victorville, Calif., from Las Vegas.

Attorneys for Indian River County, the Department of Transportation and Virgin Trains will appear before the U.S. Court of Appeals for the District of Columbia.

The U.S. Department of Housing and Urban Development said Thursday it is expanding the Rental Assistance Demonstration program to Section 202 PRAC units that house senior citizens.

The governor declared the $2.1 billion Mobile River project "dead” after it a local planning organization voted it down.

The Council of Development Finance Agencies recommends that conduit issuers cover their costs by imposing fees.

Proceeds will finance a 6.7-mile section of the North Tarrant Express to add four toll lanes to a section of Interstate 35 north of downtown Fort Worth.

Republican Rep. Tim Burchett of Tennessee touts his bill as “a good example of giving businesses an incentive to lower carbon emissions without forcing it upon them with regulations.”

The U.S. Energy Information Administration estimates there are 990,000 electric vehicles on the road this year and that number will grow to 1.5 million next year and 2.17 million in 2021.

A strong economy has resulted in more success for tolled managed lanes than many skeptics anticipated.

Morgan Stanley will price the flexible-rate deal with a 1.95% coupon, according to pre-sale pricing guidance.

Under the bill, if more than 65% of carbon dioxide emissions from a given facility are captured and injected underground, then 100% of the eligible equipment can be financed with PABs.

The association filed a court brief supporting Indian River County’s appeal of private activity bonds for the privately owned passenger train project.

About half of the multifamily housing units built nationally that use the federal 4% Low Income Housing Tax Credit are financed with tax-exempt PABs.

The decision to release the plan signals a resolve on the part of at least some lawmakers to prioritize infrastructure legislation even though President Trump recently announced he won’t work with top congressional Democrats as long as he’s under investigation by them.

State and local governments would be able to issue tax-exempt PABs not subject to state volume caps if at least 95% or more of the net proceeds are used for green infrastructure.

Officials with the private passenger train company said contractors have been hired to extend service from West Palm Beach to Orlando.

A state authority priced $487 million of debt on behalf of Big River Steel, for a project to double the mill's capacity.