Tri-Cities Airport Awarded $4.1M Grant to Expand Aerospace Park
In November, the mayors of Kingsport, Johnson City and Bristol, Tennessee, and the counties of Sullivan and Washington signed the Aerospace Park intergovernmental financing agreement, giving Tri-Cities Airport the go-ahead to purchase $8.5 million in revenue bonds to fund the expansion.
KC Hospital Receives $125.6M in Bonds
BSA LifeStructures designed the tower, with lead architect Jackie Foy, and McCownGordon Construction LLC will be the general contractor. Children's Mercy received $125.6 million in fixed-revenue bonds, to be split between the research tower and an office building it previously constructed.
State PAB Volume Caps Boosted 5.2%
States can issue up to $37.55 billion in new tax-exempt private activity bonds in 2018, 5.2% more than last year, after these bonds barely escaped termination in the recently enacted tax overhaul legislation.
Muni Market Set for Slow January After Tax-Fueled Rush to Market
Bond sales last month broke the previous monthly issuance record set in December 1985, which was driven by Congress' overhaul of the tax code. The next month, municipal bond issuance was a paltry $1.69 billion, according to Bond Buyer data. Bond sales are unlikely to fall below that figure.
Colorado Senate Republicans Will Introduce Road-Bonding Bill
Not content just to say that Colorado transportation funding is their top priority, state Senate Republicans will introduce a bill on the opening day of the legislative session Wednesday that seeks bonding voter approval for as much as a $3.5 billion bond sale.
Fiberight Waste-to-Energy Plant on Track to Open in the Spring
Fiberight LLC has completed the $70 million project financing necessary to complete construction on the first phase of the municipal solid waste-to-energy plant it's building in Hampden.The financing includes a $45 million Finance Authority of Maine tax-exempt bond issuance.
Lincoln County, NM Considers IRBs for Wind Projects
Lincoln County, NM commissioners are considering issuing industrial revenue bonds for one or more of the companies pursuing development of wind farms in northern areas of the county.
Tax Reform's Cost to Municipal Issuers
With the passage of the Tax Cuts and Jobs Act, issuers of tax-exempt debt no longer have the authority to advance refund bonds with tax exempt debt after December 31, 2017. The new law amends Section 149(d) of the U.S. tax code.
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