CDFA applauds Reps. Hultgren and Ruppersberger for their leadership and creation of the Municipal Finance Caucus. This caucus has been established to fight for state and local governments' ability to independently finance projects.

"New state and federal P3 resources and political and legislative support, combined with a strong underlying legal framework for contractual enforceability and a deep capital market ready to finance projects," will help to drive this projected surge in P3s, according to Moody's.

Denver's bonds to help pay for the overhaul of the National Western Stock Show complex has received good grades from three major credit rating agencies. All three rating agencies have given the bonds a "stable" outlook.

Sagamore Development Co. LLC — the real estate arm of Under Armour Inc. CEO Kevin Plank — is requesting $535 million in tax increment financing from Baltimore City for the massive 266-acre redevelopment of Port Covington.

The Internal Revenue Service issued a "correction" on Wednesday that makes its proposed definition of political subdivision truly prospectively effective. The six-page "correction" will be published in the Federal Register on March 14.

The Bond Buyer reports that the state of California has attained the lowest borrowing costs on $1.96 billion of 30-year general obligation bonds in the last three decades, the most favorable rates since 2005.

This IRS Publication 4078, Tax-Exempt Private Activity Bonds, provides a revised overview of the general federal tax law rules that apply to qualified private activity bonds.

Direct bank placements have been increasingly utilized as a capital source for tax-exempt entities over the past several years. The potential risks discussed here are relevant to entities across the entire municipal landscape.

The SEC charged the Rhode Island Economic Development Corp., which has been rebranded as RI Commerce; its underwriter, Wells Fargo Securities; and three individuals associated with $75 million of bonds with defrauding investors.

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