CDFA Agenda Includes Pushing for Bond Bills, Supporting Tax Exemption
The Council of Development Finance Agencies this year will work to obtain separate bills that would ease certain tax restrictions for manufacturing bonds and remove water and sewer bonds from the private activity bond volume cap.
JCT: Governmental Bond Revenue Losses at $194.7B Over Five Years
Tax-exempt governmental bonds will result in revenue losses to the federal government of $194.7 billion over the five fiscal years 2016-2020, the Joint Committee on Taxation estimated in a report this week.
Mnuchin Says He'll Work to 'Enhance' PABs for Infrastructure Projects
President Trump's nominee for Treasury Secretary Steven Mnuchin told lawmakers in writing that he plans to "enhance" private activity bonds so that they can be used to encourage more private investment in infrastructure projects.
The Trump Infrastructure Plan: Still Many Questions, But Perhaps Some Insights
Best Best & Krieger LLP gives a summary of comments from Secretary Elaine Chao's confirmation hearing, which addresses some of the questions swirling around the Trump administration infrastructure plan.
New JEDA Bonds Refinance Expansion at Mason Preparatory School in Charleston
Mason Preparatory School is using a $6.93 million bond issue through the South Carolina Jobs-Economic Development Authority (JEDA) to refinance costs for a prior construction project and expansion.
The Hidden Risks of P3s
Public-private partnerships are an important part of the infrastructure toolkit, but they can't replace tax-exempt debt in financing public projects.
Pence Touts Big Infrastructure Bill; Poll Finds Tolls Not Supported
Vice President-elect Mike Pence tried to sell to the nation's mayors on the infrastructure plan to be proposed by the new Trump administration, just before a national poll showed there is little support for the tolls on which the plan would rely.
Green Bonds Rise as Tool for Water Infrastructure, Resilience
Environmentally conscious green bonds are a tool more issuers use to finance various means of purifying drinking water and buffering against rising seas. Municipal issuers from transit agencies to small cities and towns have sought to manage water more effectively -- notably after Hurricane Sandy struck in 2012 – with varying degrees of success.
Public Finance 2016 in Review and the Outlook for 2017
Squire Patton Boggs' Public Finance 2016 in Review and the Outlook for 2017 topics include final issue price regulations, proposed political subdivision regulations, general arbitrage, and revenue procedure governing management contracts.