Private activity bonds

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.

The Public Buildings Renewal Act would authorize $5 billion in private activity bonds for the construction or rehabilitation government-owned buildings.

Presidential candidate Sen. Amy Klobuchar rolled out her trillion dollar infrastructure plan, supporting Move America and Build America bonds.

As Congress prepares work on an infrastructure package, the transportation secretary endorsed private funding through pensions and endowment funds.

Its $1.5 billion unrated deal will be sold to qualified institutional buyers to finance Florida’s privately owned passenger train project.

Federal transportation officials authorized another $950 million in private activity bonds for Brightline, also known as Virgin Trains USA.

NABL suggested expanding private activity bonds to a new category for public roads, tunnels, and bridges.

If the IRS fails to provide a regulatory fix, two members of Congress may address the issue legislatively in bicameral affordable housing legislation that had wide bipartisan support in the last Congress.

A finding of sub-standard cement at Denver International Airport's $650 million terminal redevelopment project shows that the government and developer in a public-private partnership both must adapt to unforeseen events.

The Bond Dealers of America pushed for legislative support of the muni market during a Capitol Hill briefing Tuesday.

The Florida Development Finance Corp. said another meeting will be scheduled to finish taking public comment on financing for the passenger train project.

A wide variety of projects would be eligible under the bill, including airports, ports, transit, and more.

FA Jeff Larson said the $2.7 billion in nonrated bonds are expected to price in late March.