This MSRB study examines the taxable bond market through the lens of the COVID-19 pandemic. It examines taxable bond issuance volumes during the pandemic and compares them to levels seen during the Build America Bonds program. In many cases, taxable...

The New Partnership on Infrastructure seeks to advance national policies driven by local innovation, with cities serving as testbeds for experimentation and transferable solutions. This document champions that idea. It is a summation of local...

Recently there has been a surge in issuance of taxable municipal bonds. Between January and November of 2020, $129.3 billion in taxable bonds were issued (31% of all municipal bonds issued over this period), up from $67.3 billion in 2019 and $25.1...

"Moving America and the Environment Forward" is a House Ways and Means Committee statement of principles on how the committee wants to approach an infrastructure bill. It includes $760 billion of proposals.

This Public-Private Partnership Procurement Guide (Guidebook) provides advanced guidance on procedures, issues, and considerations involved in public-private partnership (P3) procurement of surface transportation projects, with a focus on highway...

Peter Mancauskas and Frederick Werner from the Federal High Administration presents on GARVEE Bonds.

In 2014, the IRS released this report on information for tax-exempt and direct payment bonds issued in 2011. The first section provides an overview of the market by State. The next section discusses direct payment bond programs and presents data for...

Bernardi Securities, Inc. explains and highlights the value of the tax-exempt municipal bonds to our economy, comprehensive understanding of the market’s history, unique mechanics.

Stephen Friedman presents new financing ideas and creative solutions for making impactful infrastructure enhancements. Friedman provides case studies, market overviews, trends, contemporary projects and more.

This document, prepared by the Joint Committee on Taxation, summarizes the provisions and discusses economic issues of allowing a deduction for certain State and local taxes, tax-exempt and tax-credit bond provisions, income tax, and the treatment...

This guide from Orrick, Harrington & Sutcliffe LLP review bond finance tools supporting clean energy, including PABs, CREBS, and QECBs.

Cadmus Hicks with Nuveen Investments provides market reports and analysis on tax-exempt bonds and revenues to the California Debt and Investment Advisory Commission.

Gao Liu and Dwight Denison discuss indirect and direct subsidies for cost of government capital by comparing tax-exempt bonds and Build America Bonds.

Thomas Myers and Douglas Goodfriend of Orrick provide the fundamentals of state and local bonds in New York.

Steven Maguire with Congressional Research Service provides information about state and local government debt as it relates to tax-exempt bonds.

John Wooten of Wells Fargo and Lee McCormick of Community Development Associates provide a thorough discussion of tax-exempt bond finance structures and categories.

The CDFA Bond Finance Resource Center is a one-stop hub for all of the resources, reports, headlines, and projects that CDFA collects and publishes related to bond finance. Find links to resource tags, market reports, original research, upcoming...

The U.S. Treasury Department produced this report on the effects of Build America Bonds (BABs) for issuer borrowing costs. Elements include a background of the program, BABs issuance, and estimated savings to issuers.

This quarterly report from SIFMA research analyzes the municipal bond market for the first quarter of 2011. The report covers both taxable and tax-exempt issuance and markets and reviews relevant government activity at the federal, state, and local...

This report from Jose Matamoros of BNY Mellon reviews the compliance requirements of BABs and Recovery Zone Economic Development Bonds. The report walks readers through the IRS documentation process, and each step of the guide includes useful advice...

This memo from Sean L. Spear of CDLAC summarizes California's bond activity in 2010. Qualified residential rental projects, single family housing, industrial development, and exempt facilities bonds are all covered, as well as ARRA-related Recovery...

The IRS has released guidance limiting draw-down bonds for BABs, but does permit the use of draw-down structures for “bank qualified bonds”. This will have a significant impact on the bond market in the next 30 days with BABs set to expire at the...

The Summit County Port Authority, Kent State University and Fifth Third Bank have closed on a deal to expand a satellite campus that included tax-exempt lease revenue bond and Build America Bond components.

This report by the National Bureau of Economic Research analyzes the use of Build America Bonds compared to other bond markets. The report claims to be the first formal analysis of the BABs program not funded by the government.

This update from Hunton & Williams covers a variety of regulatory and legislative changes with impacts on the municipal bond market, including: SEC changes to disclosure requirements, Build America Bond pricing and offset concerns, and the...

As 2010 progresses, it is now easier to identify which components of the ARRA bond provisions have been successful and which have struggled to impact the market. While Build America Bonds have been the most utilized, Recovery Zone Bonds have shown...

B. Jonas Biery of Seattle-Northwest Securities Corp. details the successes and challenges of the ARRA bond programs in this presentation.

Daniel Gangwish of Bank of America Merrill Lynch covers the basics of Build America Bonds in this presentation.

Financial Technology Laboratories, Inc. publishes this website featuring a variety of news stories and resources related to Build America Bonds.

This semi-annual publication from BNY Mellon examines trends in the capital markets.

This Treasury spreadsheet provides a variety of data related to Build America Bonds (BABs) through March 31, 2010. It provides the number of issuances and dollar amounts per month and state level data.

This Treasury report examines the effects of Build America Bonds (BABs) on issuer borrowing costs. From the inception of the program in April 2009 to March 31, 2010, there have been 1,066 separate BABs issues, which have supported more than $90...

This report by the Municipal Securities and Rulemaking Board reviews the performance of Build America Bonds for 2009, their first year of use since being created by ARRA.

This presentation given by Steve Strnisha from Project Management Consultants discusses the uses of Recovery Zone and Build America Bonds within Ohio. This presentation includes a case study of the Flats East Bank project in Cleveland, OH.

This chart, which was compiled based on data from Thomson Reuters and The Bond Buyer, lists all Build America Bonds issued through October 16 of 2009.

This presentation was given by Thomas R. Trotter at the OEDA Annual Summit on October 15, 2009. This presentation discusses the details of ARRA bonds including: Build America Bonds (BABs), Recovery Zone Bonds, RZ Economic Development Bonds, RZ...

This memo from LandDesign summarizes and explains Build America Bonds and Recovery Zone Bonds, specifically how they can be used to get projects moving forward that are stalled due to funding issues. These programs could have a dramatic and...

This presentation by Jim Snyder of Ice Miller LLP examines two of the new bond provisions in the American Recovery and Reinvestment Act.

Hunton & Williams has issued the following release concerning IRS guidance concerning the newly created Build America Bonds (BABs). The article explains the basics of how the taxable tax-credit bonds work and how the direct pay BABs differ from...

IRS Form 8038-CP is the necessary form for issuers of Build America Bonds that would like to take advantage of the direct federal subsidy payment.

The following document is Internal Revenue Service guidance concerning issuance of the stimulus-authorized Build America Bonds (BABs). BABs are taxable tax credit bonds that allow the issuer to take a direct federal subsidy in lieu of the investor...

CDFA continues to be the leader in monitoring the use of the new stimulus bond provisions. As the first source for getting timely information out to the industry, this article provides an update on the use of the newly created Build American Bonds...