Transportation industry

Central Arkansas Transit Authority has the legal ability to issue tax-exempt bonds, but not the revenue to support the debt.

New York's Metropolitan Transportation Authority completed its first bond transaction entirely managed and underwritten by minority- and women-owned firms.

Variable-rate represents 8% of the total debt of New York's Metropolitan Transportation Authority and is well under its threshold, a finance official said.

Investors who bought $860.1 million of Charlotte Airport revenue bonds could be impaired by a bill in the North Carolina General Assembly, according to a bond attorney.

The trustee for $113 million of bonds issued for a privately owned and operated airport at Branson, Mo. are negotiating possible modifications to a forbearance agreement for the struggling airport.

A report from the American Association of State Highway and Transportation Officials details the funding plans of 30 states, including some creative options.

Illinois Gov. Pat Quinn outlined plans to spend $12.6 billion over the next six fiscal years on transportation and said more spending and borrowing for capital projects is needed.

New Orleans Aviation Board unanimously adopted an $826 million airport modernization effort financed in part with $267.5 million of revenue bonds.

Some Pennsylvania Republican lawmakers propose using money from the expected privatization of the state's liquor stores to rebuild roads and bridges.

The New York Thruway Authority will release a finance plan for the new Tappan Zee this month or next.

Fitch Ratings dropped Manchester, N.H.'s airport revenue bonds to BBB-plus from A-minus.

Construction could start as early as 2015 on a long-planned, largely bond-financed $3.5 billion trade bridge between Detroit and Windsor, the busiest trade route in the U.S.

Moody's Investors Service has downgraded the underlying ratings on Pennsylvania Turnpike Commission senior lien revenue bonds to A1 from Aa3.

Texas voters would be asked to approve the use of $6 billion from the state rainy day fund for water and road projects under a measure under consideration in the state Senate.

The beleaguered Orange County Transportation Authority garnered another round of criticism recently — this time from a San Francisco nonprofit recommending that the tollway agency postpone an extension to its toll road until state authorities can review the operation.

The Massachusetts House of Representatives has passed a $500 million transportation bill that would, among other things, shore up a struggling Massachusetts Bay Transportation Authority.

The Federal Aviation Administration has delayed closing 149 air traffic control towers until June 15, including 14 in Florida — the largest number of facilities affected in one state.

The Florida Department of Transportation has extended the time for firms interested in the $2.1 billion managed-lanes project on Interstate 4 through Orlando to submit their qualifications.

The Illinois State Toll Highway Authority will sell $500 million of toll-backed revenue bonds next week in the agency's first market outing as it embarks on a $12.1 billion, 15-year capital program.

The Missouri Highways and Transportation Commission has named its chief engineer Dave Nichols to serve as director of the Missouri Department of Transportation.