Private activity bonds

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.

President Trump's purported latest infrastructure plan would remove state volume caps, advance refunding prohibitions and state volume caps from private activity bonds used for infrastructure.

Sens. John Cornyn, R-Texas, and Mark Warner, D-Va., introduced their bill to expand PABs the same day that the U.S. Chamber of Commerce recommended such an expansion in its four-part infrastructure plan.

The centerpiece of the U.S. Chamber of Commerce's four-part infrastructure plan is a 25 cents per gallon increase in the federal gas tax.

Bondholders now have until Jan. 26 to agree to the tender exchange on up to $435 million in bonds.

Experts are uncertain how significant the decline in multifamily housing bond issuance in 2018 might be.

A bipartisan group of House lawmakers have issued a report calling for the state volume caps to be removed for private activity bonds used to help finance infrastructure projects.

After Congress almost did away with them in the recently enacted tax legislation, tax-exempt private activity bond volume caps for states will see an increase for 2018.

The Iowa Fertilizer Co. LLC is seeking a tender exchange for up to $435 million of bonds.

The USDOT's approval of the allocation triggered threats from opponents that legal action will be taken.

The urgency for healthcare issuers to sell tax-exempt bonds is gone after private activity bonds survived tax reform.