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CDFA Bond Finance Update - April 19, 2016

Bond Finance Update
April 19, 2016
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CDFA Bond Finance Update

Features

NE Governor Signs Infrastructure Bank Bill
Gov. Ricketts signed into law a $450 million plan to fuel completion of Nebraska's expressway system. The measure establishes a infrastructure bank that supporters say will help fulfill a promise from 1988.

Crossover Refunding - Does It Really Have to Come to This?
A crossover refunding differs from a traditional advance refunding in that proceeds of the refunding issue are used to pay interest on the refunding bonds, rather than the refunded bonds, until the call date of the refunded bonds.

Stadium Financing Deal in NY Town Ends in Fraud Charges
Two officials intent on building a new baseball park in their town northwest of New York City were charged in what the U.S. called the first ever municipal bond-related criminal securities fraud over the financing.

Impact Investment in the Municipal Bond Market
Charles Laven and Julijs Liepins provide readers with an introduction to both impact investing and municipal bonds, and explain how impact investments can strengthen the municipal bond market.

FL Launches Bond Program to Finance P3s
Gov. Scott signed House Bill 7027 into law, creating the nonprofit Florida Department of Transportation Financing Corp. The corporation, to be overseen by the Division of Bond Finance, will be the state's first conduit issuer for Florida DOT bonds.

Market Reports

KPM Weekly Rate Update
KPM Financial | Apr. 18 | Bond Finance | Market Reports

Interest Rate Risk Management Weekly
KeyBank | Apr. 18 | Bond Finance | Market Reports

Weekly Capital Markets Update
Wye River Group | Apr. 18 | Bond Finance | Market Reports

Municipal Market Update
Stern Brothers & Co. | Apr. 7 | Bond Finance | Market Reports

Upcoming Events
Intro Tax Increment Finance Course
News from The Bond Buyer

The latest municipal finance headlines from The Bond Buyer.

San Francisco Seawall Upgrades Could Cost $5B
Upgrades and repairs to San Francisco's northern seawall to make it more resilient to earthquakes and rising sea levels could cost more than $5 billion, the Port of San Francisco said in a report it delivered to the city on April 11.

Fleeting Opportunity Seen as Swap Index Spikes
A combination of pricing pressure due to seasonal weakness, new regulations on money market funds, and the scarcity of short-term paper is creating a unique buying opportunity in one of the municipal market's most actively-used benchmarks for swap transactions.

Survey: $154.8B of Port-Related Projects Planned for Five Years
U.S. ports and their private-sector partners plan to spend a whopping $154.8 billion on port-related freight and passenger infrastructure over the next five years, according to a survey by the American Association of Port Authorities.

Political Subdivision Politics
Recently released proposed Treasury regulations seek to change the requirements for municipal bond issuers to qualify as issuers of tax-exempt bonds. Many lawyer and industry groups, as well as many States and local government agencies, will be commenting unfavorably on this proposal by the IRS

CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.

Bond Finance Headlines

Bond Resolution Adopted by DAMBC Officials
Union-Recorder | Apr. 19 | Bond Finance | Local Finance Program | Member News

LA Seeks to Reform Capital Project Financing
The Bond Buyer | Apr. 19 | Bond Finance | State Finance Program

OK Senate, House, Governor Have Six Weeks to Agree on Budget
newsOK.com | Apr. 19 | Bond Finance | Legislative | State Finance Program

Phoenix City Council, IDA, Finance Historical Preservation
ABC News 15 | Apr. 18 | Bond Finance | Historic Preservation | Local Finance Program

Canby, OR Voters to Decide on $58.7M Bond Measure
Canby Herald | Apr. 18 | Bond Finance | Infrastructure Finance | Local Finance Program

Lawsuit Opposes Colorado's $1.8B Interstate P3
The Bond Buyer | Apr. 17 | Bond Finance | Federal | Infrastructure Finance | Legislative | Public-Private Partnership (P3) Financing

Ballpark Bond Refinance Could Save El Paso $6.5M
The Bond Buyer | Apr. 14 | Bond Finance

TX Pellets' Bonds Accelerated
The Bond Buyer | Apr. 14 | Bond Finance

Controversial CA Water Project Takes Step Forward
The Bond Buyer | Apr. 14 | Bond Finance | Infrastructure Finance | Legislative

Sun City, AZ Officials Discuss $10M Bond Issuance
Daily News-Sun | Apr. 14 | Bond Finance | Infrastructure Finance | Local Finance Program

Seattle, WA and Indio, CA Projects Are Unique P3 Models
The Bond Buyer | Apr. 14 | Bond Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing

Business Oregon Grants $50M in Seismic Safety Upgrades
Portland Business Journal | Apr. 14 | Bond Finance | Disaster Recovery & Relief | Infrastructure Finance | Member News | State Finance Program

Oregon Capitol On-Track for $50M Renovation
East Oregonian | Apr. 14 | Bond Finance | Infrastructure Finance | State Finance Program

California & Oregon Partner to Remove Dams
The Bond Buyer | Apr. 14 | Bond Finance | Green Finance | State Finance Program

Clackamas Co., OR Partnership Ratifes Riverwalk Development
Portland Tribune | Apr. 12 | Bond Finance | Infrastructure Finance | Local Finance Program

Collinsville Recreation District to Issue $1.43M in New Bonds
Belleville News-Democrat | Apr. 7 | Bond Finance | Local Finance Program

$5.6B, 36-Year P3 Contract for Purple Line Approved
The Bond Buyer | Apr. 7 | Bond Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing | State Finance Program

Tucson, AZ Road Widening Project Faces Uncertain Future
Arizona Daily Star | Apr. 6 | Bond Finance | Historic Preservation | Infrastructure Finance | Local Finance Program

Douglas Co., GA Officials to Vote on Foxhall Project
Times-Georgian | Apr. 5 | Bond Finance | EB-5 Visa | Special Assessment Districts | Tax Increment Finance (TIF)


Highlights from the Online Resource Database

Water Infrastructure Investment Needs in Michigan
Bond Finance | Infrastructure Finance | Revolving Loan Funds (RLFs) | State Finance Program | U.S. Dept. of Agriculture (USDA) | U.S. Environmental Protection Agency (EPA)
Public Sector Consultants Inc. conducted a report for MITA to study Michigan's Water Infrastructure Investment Needs. The results of the study provide important information that is worth evaluating as the state works to resolve the rising underground infrastructure issues across Michigan.


The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information visit CDFA.net or email info@cdfa.net

For more information about sponsoring one of CDFA's electronic newsletters, please contact CDFA or call 614-705-1300.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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