According to the Wall Street Journal, South Carolina's Port Authority is courting pension funds and other institutional investors to help pay for billions of dollars in infrastructure improvements as traditional sources of financing dry up.

Short-term interest rates will be rising for the first time in nearly a decade, the Federal Reserve Board recently announced. The move means mixed results for the states and localities that borrow money in the municipal market.

To benefit from tax-exempt bonds, a project must not have private use nor debt service repaid from private business revenues. The issue for P3s arises because of the long-term operation and maintenance responsibilities that are a feature of many P3s.

State treasurers will ask banks and private equity firms to help lobby federal policymakers in their push to categorize municipal bonds as high quality liquid assets under new banking rules.

This Notice under § 54C(a) of the Internal Revenue Code provides related guidance on the following: (1) application requirements for requests for volume cap allocations; and (2) the method that the Department of the Treasury and the IRS will use to allocate the remaining volume cap.

The Municipal Securities Rulemaking Board filed proposed rule changes with the Securities and Exchange Commission on Wednesday to extend its political contributions rule to non-dealer municipal advisors and MAs soliciting business for dealers, advisors or investment advisors.

The Port of Seattle Commission approved a $408.4M budget for 2016 that includes infrastructure investments as part of a more than $2B capital improvement plan.

The IRS issued a notice that will make it easier for Indian tribal governments to use tribal economic development bond volume cap for draw-down loans.

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The idea behind resilience bonds is to link insurance coverage that public sector entities can already purchase (such as catastrophe bonds) with capital investments in resilient infrastructure systems (such as flood barriers and green infrastructure) that reduce expected losses from disasters.

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