Private activity bonds

The Trump administration singled out the Las Vegas-Los Angeles bullet train for praise Thursday, the same day the deal priced.

As Congress begins hammering out the budget resolutions that will shape the country's fiscal future, muni lobbyists double down on efforts to keep the tax-exemption in place.

Texas Sen. John Cornyn remains a supporter of private activity bonds, his staff told BDA.

It could be the year's largest unrated municipal bond deal.

The Florida-based mining company failed to make $10 million in principal and interest payments due on Jan. 1. Florida had the largest number of defaults in 2024 at nine, per Municipal Market Analytics, Inc.

The legislative reconciliation process will move fast and cutting the budget is in vogue. As such, we must recalibrate our goals as an industry to reflect the new political paradigm.

Enviva's bankruptcy is the latest Chapter 11 bankruptcy where green private activity bonds are restructured to near zero.

Concerns are rising as the Congressional Budget Office has issued a report laying out the benefits of eliminating tax-exempt qualified private activity bonds.

Justices appeared open to narrowing the scope of federal environmental impact reviews during oral arguments on a bond-financed Utah railway to move crude oil.

The company hopes to come to market after completing negotiations on $6 billion of senior bank financing.