MBFA to House Tax Panel Members: Support Tax-Exempt Bonds
The Municipal Bonds for America coalition, of which CDFA is a founding member, has sent a letter to the House Ways and Means Committee to support tax-exempt and private activity bonds.
Pounding the Drum for the Tax Exemption: #builtbybonds
Comprehensive federal tax reform presents issuers with a lot of uncertainty about whether tax-exempt municipal bonds will remain untouched, something the GFOA wants its members to take to social media about with photos of important bond-financed projects and using the hashtag #builtbybonds.
Exploring the Impact of the Port of Greater Cincinnati
Over the past 15 years, the Port Authority has been involved in transformative projects throughout Downtown and Over-the-Rhine. These projects have reshaped the skyline, revived historic structures for a new century, and created new regional anchors and cultural institutions.
Analysts: Muni Disclosure Varies by Sector
Investor analysts had high praise for the quality of disclosure in the healthcare and senior living spaces generally, but had more mixed responses when it came to charter schools and certain revenue and general obligation debt for governments and essential services, particularly for smaller or less frequent issuers.
KEDFA Approves $70M Bond Issuance for Kroger Distribution Center
The Kentucky Economic Development Finance Authority approved the issuance of up to $70 million in industrial revenue bonds to finance a massive Kentucky distribution center for Cincinnati-based grocery giant Kroger.
Federal Infrastructure Tax Credit Legislation Makes Key Changes from 2015 Proposal
Sens. John Hoeven, R-N.D., and Ron Wyden, D-Ore., reintroduced bipartisan legislation to establish a program to spur infrastructure investment using P3s through the creation of Move America Bonds and Move America Credits.
Lawyers Say Policies, Procedures Key for Issuers Amid SEC Focus on Enforcement
Strong policies and procedures and an awareness of recent Securities and Exchange Commission enforcement trends like individual liability and conflicts of interest are important if issuers want to avoid being caught up in SEC enforcement actions, several lawyers told government finance officials.
When Should Issuer Use Hold-the-Offering-Price Method to Establish Issue Price?
With new regulations going taking effect June 7, 2017, Squire Patton Boggs gives insight on the methods for determining the issue price and how the hold-the-offering-price method may come at a cost to issuers of tax-advantaged bonds.
$36M in Tax-Exempt Bonds Approved for Pistons Move
The addition of a professional basketball team at Little Caesars Arena will cost about $34.5 million. The Strategic Fund board approved the Detroit development authority's request to issue another $36 million in tax-exempt tax increment revenue bonds to fund the "construction improvements and related costs."
Issuers Anxious as New Issue Price Era Begins
Issuers are heading into uncharted waters with a new 10% issue price rule taking effect next month, and many members of the Government Finance Officers Association's Committee on Governmental Debt Management are anxious, even if the rule likely won't impact them much.
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