Water bonds

Municipals were stronger as issues in Ohio and Nevada came to market

Maureen Stapleton is credited with diversifying the San Diego County Water Authority's water supply.

California has issued $3.3 billion of general obligation bonds for the high-speed rail project out of $9.9 billion authorized by voters.

Voters in the Southern California rejected a water and wastewater rate increase, and a subsequent rate hike triggered an unsuccessful recall election.

Voters appear to have rejected $8.9 billion water bond measure only five months after approving a $4 billion water bond.

The Municipal Impact Coalition, a group of market professionals, is expanding its drive to make municipal bonds more accessible and understandable across the nation and around the globe.

The newly-minted water infrastructure law is good news for state and local governments looking for more avenues to finance water projects.

The $1.6 billion size of the deal reflects the importance of water infrastructure to Texas.

Legislation pending in both the Senate and House would eliminate private activity bond volume caps for water and sewer projects.

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.

The recent performance of munis has reset relative valuations to more attractive levels, according to BlackRock's Peter Hayes.