Water bonds

The U.S. Department of Agriculture is making grants and low-cost loans available for the improvement or development of rural water and wastewater infrastructure projects to comply with a congressional mandate.

Eight state projects to expand reservoirs and build new dams will receive state bond funding.

The U.S. Supreme Court case heightens the risks for Georgia, because authorities could be forced to borrow to build alternate water systems.

Texas will take its triple-A rating to the muni market with $240 million of refunding bonds for the state's water development program.

A majority of states leverage their revolving funds to issue municipal bonds to finance local projects.

Water agencies formed a joint powers authority to oversee construction on the $16.3 billion WaterFix project.

Twenty-two states have not issued any bonds to boost the amount of money available from their clean or drinking water state revolving funds, according to the National Resources Defense Council.

Progress is being made by some states and cities while Congress is independently making incremental progress on airports and water projects, according to infrastructure experts.

Californians will weigh $13 billion in state water bond measures this year, split between two elections.

Municipal bonds were weaker Tuesday as Illinois sold $500 million of bonds and the N.Y.&N.J. Port Authority deal was priced.