Private activity bonds

Regional consolidation would boost business investments and fend off needless duplication and competition, a fiscal watchdog said.

The California Debt Limit Allocation Committee wants to allocate $900 million in remaining private activity bond capacity.

As the political gears churn, issuers and borrowers should huddle with legal counsel and financial advisors to consider the possibility of worst-case scenarios in which some or all of the proposed tax reform legislation is enacted.

The impact of tax reform is on the minds of all participants in the municipal bond market. The Bond Buyer’s Washington Bureau Chief Lynn Hume joins Contributing Editor John Hallacy in breaking down what the House and Senate plans will mean for state and local governments as well as the effect it will have on underwriters and dealers, bond counsel and financial advisors. Hosted by Chip Barnett.

Houston hits the market with more certainty about its pensions but less about the tax-exempt market.

Without tax-exempt private activity bonds, charters would have to turn to more expensive and restrictive capital sources.

Issuers of conduit debt would lose their primary purpose if Congress eliminates private activity bonds.

The Illinois Finance Authority authorized a passel of deals that would be outlawed by a GOP tax bill.

The mill will recycle waste paper and corrugated containers.

The elimination of private activity bonds “would throw gasoline on a housing shortage," said John Chiang, California's treasurer.

Senate Finance Commitee chairman Orrin Hatch's tax proposal will likely be kinder to municipal bonds than the House's bill, but harder on states and localities.

Eddy County Commissioners unanimously approved an industrial revenue bond for a company planning to build and operate a natural gas plant within the county.

In a document rife with broken promises and misstatements about the muni market, the “Tax Reform” proposal beats up on the municipal bond market and state and local bond issuers to an extent never envisioned prior to the publication of that proposal.

A study says tolls on existing Interstates could make up for the loss of fuel tax revenue caused by more efficient vehicles.

Advance refundings were 27% of market last year, PABs were 19% and most were 501(c)(3)s.

With a tax bill on the table that places the cost of tax cuts on the municipal finance market, the time to voice opposition is now.

The owners of Florida’s private passenger train project want to beat the Jan. 1 expiration date of a private activity bond allocation.

The 2017-2018 plan contains one new item — private activity bond guidance.

Bond attorneys expressed dismay the public notice requirement would remain 14 days.

Multifamily housing bond issuance more than doubled in 2016 to $14 billion.