The Senate on Thursday passed the long-stalled Water Resources Development Act of 2016 that would provide millions of federal dollars to Flint, Mich. and any other community facing a water crisis.

A Brookings Institution study claiming professional sports stadiums built or renovated with tax-exempt bonds during the last 16 years have cost the federal government $3.7 billion has drawn some criticism from a sports consultant and municipal market participants.

The Metropolitan Transportation Authority, which typically uses fare-box revenue and bridge and tunnel fees to secure its debt, plans to raise $1.06 billion by selling its first bonds backed by real-estate.

The number of community development banks is rising at a time when the ranks of other financial institutions are shrinking.

According to sources at IIUSA, Rep. Goodlatte is expected to introduce an EB-5 reform bill today. To view the proposed legislation, click here.

Arizona mayors and economic developers are making a renewed push to allow for tax increment financing incentives for real estate developments and other projects.

Reps. Randy Hultgren and Dutch Ruppersberger have launched a website for their Municipal Finance Caucus.

The Port of Los Angeles will price a $219.2 million revenue bond refunding its officials say represents the first green bond sale by a port. Participants are hoping the well-rated credit's infrequent forays into the municipal bond market and a green bond series will draw investor interest.

The SEC issued orders instituting cease-and-desist proceedings, making findings, and imposing remedial sanctions on 71 issuers and obligated persons across 45 states. The orders provide some insight into what the SEC considers to be a material false or misleading statement in an offering document.

This month's CDFA // BNY Mellon Development Finance Webcast Series, will explore the retail development market and provide guidance and insight on how best to support this economic development driver. Speakers will cover the market challenges, opportunities and financing resources available to public and private entities for catalyzing retail as economy.

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New York City Independent Budget Office has examined the evolution of the roles of Build and the Industrial Development Agency in financing economic development deals for the city and the uses of the revenues the two entities generate.

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