Public finance

Rep. Nydia Velázquez wants to extend protections under the Investment Company Act of 1940 to Puerto Rico, saying their absence caused Puerto Ricans to suffer losses when they invested in mutual funds heavily stocked with the financially struggling commonwealth’s bonds.

With non-transportation P3s on the rise, analysts and other experts say they're not for everyone.

MASSACHUSETTS

ALABAMA

Municipal bond funds reported inflows for the first time in four weeks, according to Lipper data released on Thursday. Weekly reporting funds experienced $231.252 million of inflows in the week ended Sept. 23, after outflows of $411.069 million in the previous week, Lipper reported.

In the week ended Sept. 24, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was down five basis points to 4.42% from 4.47% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Faltering projects designed to boost the economy can expose municipalities to the perils of backing such ventures, Moody's Investors Service said in a commentary.

Chicago Mayor Rahm Emanuel and his finance team can expect tough questions from the muni buyside Friday at the city’s closed-door annual investor conference.

Texas Gov. Greg Abbott tells road planners to look at projects that eliminate bottlenecks and reduce traffic congestion.

ARKANSAS

ALABAMA

Public Private Partnerships will become increasingly common beyond the transportation sector in the United States, Moody’s Investors Service said.

The Texas Attorney General’s Office will not decide on the local property tax exemptions of two P3 student housing projects at Texas A&M.

FLORIDA

ILLINOIS

Kroll Bond Rating Agency released a description of its methodology for rating not-for-profit higher education, a sector that's shown signs of stabilizing.

An airport group wants airlines to drop their opposition to higher passenger facility fees that finance local infrastructure.

Breckinridge Capital Advisors has adopted Bitvore Corp.’s Obligor Intelligence platform to provide analytics and insight on a growing portfolio of 40,000 different CUSIPs from over 4,000 issuers.

IOWA

CALIFORNIA