Private activity bonds

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.

The positive side is the bipartisan legislation for reinstatement introduced by 10 House lawmakers last week has a high possibility of being included in any infrastructure legislation that passes that chamber.

Calculating the remaining useful life of a port or airport facility can be problematic, but the IRS ruling released May 3 supports a simplified method of making this determination using the date of the new agreement as a starting point.

Airports have been clamoring for an increase in the PFC limit for years, arguing that they need it to help finance capital improvements that would be paid for with new bond issues.

The current volume cap on PABs issued for highways and freight improvement has just over $2.5 billion remaining that can be authorized by the U.S. Department of Transportation.

In the coming months bond lawyers expect numerous municipal governments to issue new bonds to support investments in Opportunity Zones.

Bankers, lobbyists, issuers and lawyers aren't necessarily optimistic on an infrastructure bill passing this year.

Avoidable inmate deaths in jails allegedly staffed by untrained guards represent a headline and financial risk for counties in Texas.

“State, local governments and their constituents need Congressional help," BDA said in new testimony.

The clarification allows dozens of otherwise stalled housing projects around the nation to move ahead with financing that includes a combination of tax exempt multifamily PABs and the 4% federal housing tax credit.

Owners of the privately owned passenger train project plan to ask the Florida Development Finance Corp. to approve more bonds Friday.