CDFA is pleased to announce the release of the Annual Volume Cap Report: An Analysis of 2018 Private Activity Bond & Volume Cap Trends. The report provides complete data of the use of volume cap and the issuance of cap-subject private activity bonds nationwide. CDFA collected the information for the report from surveys and interviews with the allocating authority in each state.

The architects of an ambitious, $375 million proposal to renovate Baltimore's Pimlico Race Course and Laurel Park in Anne Arundel County are counting on using bonds and money from slot machines to pay for the work. The Maryland Stadium Authority would issue roughly $348 million of municipal bonds. Slots money would be used to pay back the bonds.

Governor Charlie Baker's multiyear plan includes hundreds of millions of dollars for road and bridge repair, additional funding for the MBTA and tax incentives promoting telecommuting. Additionally, the bill supports the Transportation Climate Initiative, a regional effort to drive down emissions from vehicles to tackle climate change.

Officials are thrilled that projects funded via a $62M bond package are swiftly moving toward competition. Projects include the construction of a new middle school, a new administration building, a new grades three-to-12 magnet school for STEM, an outdoor learning and community gathering plaza, repurposing an existing building into a community center, and more.

The New York State Dormitory Authority has announced that it will issue more than $121 million in green bonds that Cornell University will use to finance the construction of new residence halls on the school's north campus.

The South Carolina Ports Authority will receive $547 million from bonds issuances, the largest in port history. The proceeds of the issuances will enable the port to finish the first phase of construction of a terminal in North Charleston. The proceeds for the terminal, which total $422 million, will fund construction and delivery purchases.

The Albuquerque City Council approved a package of incentives, including $250,000 in Local Economic Development Act money and the sale of $35 million in Industrial Revenue Bonds from the city for the expansion of Jabil Inc.'s Albuquerque location. The money and bonds are part of a public-private partnership proposal.

The California Debt Limit Allocation Committee approved the first step in the plans of Virgin Trains USA to sell $4.2 billion in tax-exempt debt to build a high-speed train to Las Vegas from a desert town in southern California. Combined with an expected allocation from the federal government, a California agency would issue up to $3.2 billion of tax-exempt debt on the train's behalf.

Brunswick County Commissioners unanimously approved seeking two series of revenue bonds totaling $260 million to fund various infrastructure projects and refund existing bonds. The bonds include the county's plans to finance its much-needed expansion of the Wastewater Treatment Plant, a water supply main, and refund five previous bonds.

Intro Bond Finance WebCourse
February 26-27, 2020 - Daily: 12-5pm (Eastern)

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This report, authored by the Northeast-Midwest Institute, lays out the major models of public banking around the world and in the United States and examines their various advantages, obstacles, and feasibility of implementation. This report recommends that all NEMW states adopt a public bank and do so with close attention to their circumstances and needs.

Established in the 1980s, the ‘‘Aggie Bond'' program provides beginning and low-equity farmers with access to capital. The bonds, which pay tax-exempt interest, may be used by qualifying famers for purchases of farm real estate and equipment. The authors use 25 years of data to examine whether the Aggie Bond program has had an impact on farm entrance, land ownership, and the size of operation.

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