Private activity bonds

Municipal bonds are financing a new Alabama zoo that will move hundreds of animals out of a hurricane danger zone.

One Democrat said the controversy showed the difficulty President Trump faces selling his plan to spur $1.5 trillion in infrastructure investment with an expansion of private activity bonds.

The revenue procedure implements a proposal in President Trump's infrastructure plan that will help facilitate public-private partnership arrangements.

The bankruptcy process could take 18 to 36 months to sort out, one municipal analyst said.

The bonds sold for the air cargo handling facility were rated BBB.

Some of the oomph for multifamily housing bonds comes from additional federal funding for public housing agencies which are partners in these bond deals while the remainder comes from programmatic changes in the law.

Detroit's affordable housing plan would give developers access to private activity bonds associated with Michigan’s 4% tax credit program.

The newly updated Congressional Research Service report may be used as a resource by lawmakers if infrastructure legislation with private activity bond provisions is introduced.

Democrats are frustrated that President Trump's infrastructure plan would require state and local governments to come up with the majority of funds for infrastructure projects.

NABL favors shortening to seven from 14 days the advance notice requirement for a public hearing about the issuance of PABs.

Bipartisan bills pending in the House and Senate would allow private activity bonds to be used for state and local government buildings.

The plan would expand flexibility and broaden the uses of tax-exempt private activity bonds.

A key House committee chairman would block any attempts to expand PABs for public infrastructure projects.

Two Florida counties contend that environmental laws were violated when federal agencies allocated private activity bonds for the All Aboard Florida project.

The president's proposal to expand and use private activity bonds for public infrastructure projects is similar to one made by a prior administration.

President Trump's infrastructure plan, detailed for reporters by a White House official this weekend, will expand the eligibility of tax-exempt private activity bonds.

A think tank supporting an intercity passenger train project in Florida condemned threatened lawsuits it says could delay the Brightline system.

During his State of the Union address, President Trump also embraced the recent call by the U.S. Chamber of Commerce -- without mentioning them –- to reduce the permitting approval process to two years or less for infrastructure projects.

The deaths of people who ignored railroad crossing warning lights and barriers triggered new calls for state and federal regulators to strengthen railroad safety laws.

Tax-exempt private activity bonds, which came close to being terminated in tax reform legislation, are now a centerpiece of the Trump administration's leaked infrastructure plan -- and market participants hope to use this as a springboard for a return of tax-exempt advance refundings.