Private activity bonds

DASNY finished the first half of 2018 as the nation’s second largest issuer with $3.2 billion in bonds sold.

Legislation pending in both the Senate and House would eliminate private activity bond volume caps for water and sewer projects.

The Public Employee Pension Transparency Act (HR 6290) would prohibit states and localities from issuing tax-exempt bonds unless they file annual reports on their public pension systems to the U.S. Treasury Department.

The plan for a second tax reform bill is galvanizing municipal market groups to step up lobbying efforts to tout the importance and benefits of munis to lawmakers on Capitol Hill.

A motion for summary judgment by Indian River and Martin counties contends that the privately owned project isn’t eligible to use the private activity bonds.

CDFA said it is surveying local, state and multi-jurisdictional issuers about private activity bond fees in conduit transactions.

All Aboard Florida is seeking a right of way lease to expand its Brightline-branded passenger train service from Orlando to Tampa.

The Kinney County Public Facility Corp. issued $9.23 million in project revenue bonds to finance the the warehouse style building with 384 beds for adults.

The plan would raise power costs, but analysts say municipal utilities and energy cooperatives can absorb the increases or pass them on to customers.

The $1.2 billion in bonds are being sold through a conduit by a P3 developer.

The bonds will partially fund the Playhouse Square Foundation's 34-story luxury downtown apartment tower.

The U.S. Department of Transportation told All Aboard Florida that it now has until Dec. 31 to sell the $1.15 billion of bonds.

The private developer building the new passenger terminal in Everett, Washington, used $50 million of tax-exempt bonds.

The Walton Family Foundation provided seed funds to create two “innovative” financing vehicles for charter school facilities.

Lawmakers in the 27-member Florida delegation in the House are divided about whether more private-activity bonds should be used for Brightline's 235-mile passenger rail line.

Facing a May 31 deadline to issue the $1.15 billion of PABs, All Aboard Florida asked the federal transportation agency for extra time to sell the debt.

As Infrastructure Week ends, it’s sad to note that in the one area where all agree something must be done, there has been no progress.

Authority officials say it's business as usual at the authority amid several probes that followed the termination of Dave Jamison.

April was a pretty good month for the municipal bond market following the 30% drop in first quarter issuance, said a market expert.

The timing of federal grants is an issue because that funding was used as a basis by the U.S. Transportation Department to authorize the use of tax-exempt PABs by the private owner for financing the proposed rail line between Miami and Orlando.