CDFA Bond Finance Update - January 17, 2017

Bond Finance Update
January 17, 2017

Features

Rep. DeLauro Reintroduces National Infrastructure Development Bank Act

Congresswoman DeLauro reintroduced the National Infrastructure Development Bank Act today with 73 original cosponsors supporting the legislation. DeLauro's bill would create and fund a public bank to leverage public and private dollars to help rebuild roads, highways, bridges, and environmental and energy projects of national or regional significance.

Neal: Tax Reform Should Preserve Tax-Exemption, Reinstate BABs

Tax reform legislation should preserve the tax exemption for municipal bonds and reinstate Build America Bonds for infrastructure financing, Rep. Richard Neal, the top Democrat on the House Ways and Means Committee, told reporters Thursday.

States, Localities Must Spend Over 1/3 More for 20 Years for Roads

Federal, state, and local governments would need to boost their transportation infrastructure spending by more than a third over the next 20 years to resolve a growing $836 billion surface transportation backlog, according to the latest biannual assessment of the national network of roads and bridges.

In Final Push, US Transportation Secretary Calls on Leaders to Rethink Their Mission

In his final weeks in office, Foxx issued a 239-page blueprint for how to plan transportation networks that can handle increased demand and disruptive technology over the next three decades.

Top 40 Significant Transportation and Water Infrastructure Projects

To highlight the benefits of infrastructure investment and its potential impact on the economy, Treasury, on behalf of the Build America Investment Initiative, commissioned a study identifying 40 proposed transportation and water infrastructure projects across the United States of major economic significance.

CA Green Muni Bonds Top $1.3B in 2016

In the three years since the State Treasurer's Office issued the first California green bond, over $2 billion in green bonds have been issued in the state. Green bonds are used to finance projects with environmentally positive attributes such as renewable energy or energy efficiency projects.

Market Reports

Upcoming Events

Fundamentals of Economic Development Finance WebCourse

CDFA // BNY Mellon Webcast Series: Forecasting the Bond Market in 2017
January 24, 2017 - 1:00 PM Eastern

Spurred by mid-year refundings in a low rate environment, municipal bond volume reached an all-time high in 2016, surpassing the record previously set in 2010. With the Fed raising rates this past December, and the potential for more on the horizon, how will the municipal bond market respond? What can we expect as we move into 2017? During this installment of the CDFA // BNY Mellon Development Finance Webcast, hear industry experts gaze into their crystal ball and provide a glimpse of the year ahead.

News from

The latest municipal finance headlines from The Bond Buyer.

Trio of Lawmakers to Seek Tax Reform Revenues for Infrastructure

A bipartisan trio of lawmakers intends to file a pair of House bills that would use revenues from international tax reform to fund infrastructure projects.

Munis Are Critical for Infrastructure, Groups Tell Lawmakers

State and local groups told members of Congress that tax-exempt bonds are the cornerstone of infrastructure financing, signed by representatives of the GFOA, the National Governors Association, USCM, the National Association of State Treasurers, and NACo and other groups.

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.

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