News & Analysis as of

Infrastructure Municipal Bonds

Mintz - ML Strategies

New Legislation Would Expand the Use of Municipal Bonds

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Legislation reintroduced by US Rep. Terri Sewell (D-AL) has the potential to significantly expand the use of tax-exempt municipal bonds while creating a new “direct pay” bond. The Local Infrastructure Financing Tools (LIFT)...more

Adler Pollock & Sheehan P.C.

The ABCs of ESG: Practical Considerations for Environmental, Social and Governance Disclosure in Municipal Finance

In order to make an informed investment decision as to the purchase of municipal bonds, the latest trend is for investors to evaluate environmental, social and governance (“ESG”) factors relative to the bond issuers in...more

Mintz - ML Strategies

Transportation & Infrastructure: What to Expect from the Biden Administration & 117th Congress

Mintz - ML Strategies on

With Democratic majorities in the U.S. House and U.S. Senate, Congress and President Biden’s new administration are working to quickly advance proposals to provide for economic relief as the nation continues to reel from the...more

White & Case LLP

UK Infrastructure – Spring growth at the grassroots?

White & Case LLP on

Uncertainty remains over the infrastructure aspirations of the UK central government. As part of a series of articles on infrastructure, Caroline Miller Smith, Partner at White & Case, London, considers whether there might be...more

Harris Beach PLLC

Saving the Basics: Municipal Infrastructure and Mitigation

Harris Beach PLLC on

...Federal, state and local governments spent $440 billion on transportation and water infrastructure in 2017, according to the Congressional Budget Office. In September 2018, the Federal Emergency Management Agency (FEMA)...more

Mintz - Bankruptcy & Restructuring Viewpoints

Checking-In: Chapter 9, Chapter 11 or Ineligible?

Last week, President Trump unveiled his proposal to fix our nation’s aging infrastructure. While the proposal lauded $1.5 trillion in new spending, it only included $200 billion in federal funding. To bridge this sizable gap,...more

Bracewell LLP

The Tax Reform Roller Coaster Ends – Summary of Provisions Affecting Public Finance

Bracewell LLP on

On December 22, 2017, the President signed the Tax Cuts and Jobs Act (the “Final Bill”) into law, bringing an end to the nearly two-month rollercoaster ride that had the public finance industry white-knuckled and a little...more

Bricker Graydon LLP

Tax reform update: H.R. 1 proposes significant limits on municipal bonds

Bricker Graydon LLP on

UPDATE: In the early morning hours of Saturday, December 2, 2017, the United States Senate, by a vote of 51-49, approved its version of H.R. 1, the Tax Cuts and Jobs Act of 2017, commonly referred to as the Senate’s tax bill....more

Clark Hill PLC

Will Tax Reform’s Elimination of Advance Refundings Usher in a New Era of Municipal Derivatives?

Clark Hill PLC on

With the termination of tax-exempt advance refunding bonds squarely in the crosshairs of the tax reform measures making their way through both houses of Congress, the municipal market needs to consider the impact of the loss...more

Ballard Spahr LLP

Federal Tax Reform: Senate Proposal Repeals Advance Refundings but Keeps Private Activity Bonds

Ballard Spahr LLP on

The Senate Finance Committee unveiled a section-by-section description of its tax reform package on November 9, 2017, including municipal bond provisions that reject efforts by the House Ways and Means Committee to terminate...more

Nossaman LLP

Proposed House Ways and Means Committee Tax Bill Would Eliminate All PABs

Nossaman LLP on

Last week the House Republican leadership unveiled its much anticipated US tax reform bill. The bill proposes the most sweeping changes to the tax code in 30 years—since the 1986 Tax Act, which by the way imposed many of the...more

Miles & Stockbridge P.C.

Minibonds

The City of Cambridge, Massachusetts recently sold $2,000,000 of community sourced-minibonds (the “Community Bonds”) to finance various capital projects, including school building renovations and street and sidewalk...more

Best Best & Krieger LLP

Private vs. Public Infrastructure Funding Debate Continues

Speculation continued this week in Washington, D.C. on infrastructure funding plans, with municipal bonds being discussed during a panel at the National Association of State Treasurers 2017 Legislative Conference, according...more

Best Best & Krieger LLP

California Appellate Court Addresses Lease-Back Financing Plan to Fund Public Infrastructure Improvements

Best Best & Krieger LLP on

Court Finds Plan Does Not Violate Requirement that Municipal Indebtedness be Approved by a Two-Thirds Vote of the Electorate - A lease-back financing plan the City of San Diego adopted to fund public infrastructure...more

Bilzin Sumberg

White House Proposes New P3 Financing Tool: Qualified Public Infrastructure Bonds (QPIB)

Bilzin Sumberg on

Last month, the Obama administration proposed the creation of a new kind of municipal bond — Qualified Public Infrastructure Bonds (QPIB), as a way to extend the benefits of municipal bonds to public private partnerships....more

Beveridge & Diamond PC

“The Name’s Bond, ‘Qualified Public Infrastructure Bond’”

Beveridge & Diamond PC on

In his latest bid to prove once and for all that he really, really supports infrastructure, the President proposed creating a special new class of municipal bonds specifically aimed at public-private partnership (P3)...more

Ballard Spahr LLP

President Announces New Build America Initiatives; Introduces New Type of Municipal Bond

Ballard Spahr LLP on

President Obama recently announced the latest steps federal agencies are taking to better incorporate private sector capital and expertise in improving the nation’s infrastructure. The announcement comes six months after the...more

Nossaman LLP

"Enhanced Infrastructure Financing Districts": New California Infrastructure Financing Law Passes Legislature

Nossaman LLP on

Enhanced Infrastructure Financing Districts will soon become a reality for many cities and counties looking for a mechanism to perform some functions previously done by redevelopment agencies. Senate Bill 628 (SB 628) passed...more

Latham & Watkins LLP

Massive California Water Bond Slated for November 4 General Election as Proposition 1

Latham & Watkins LLP on

2014 Water Bond targets state’s long-term water needs and aquatic ecosystems. Two months from today, the California electorate will vote up or down on a massive water bond which Governor Jerry Brown signed on August...more

Nossaman LLP

OCTA 91 Express Lanes Bonds Get 2 A's from S&P

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In an historic move, Standard & Poor’s upgraded the Orange County Transportation Agency SR91 Express Lanes Toll Revenue Bonds to “AA-”, making it one the highest rated managed lanes projects in the world. The bonds were...more

Allen Matkins

California Environmental Law and Policy Update - August 2014

Allen Matkins on

Environmental and Policy Focus - Richmond approves massive Chevron refinery project with $90 million in community benefits: Contra Costa Times - Jul 30: Chevron's five year-plus quest to initiate a $1 billion upgrade...more

Best Best & Krieger LLP

SB 692 Expands Public Services that May be Financed by a Community Facilities District, Among Other Changes

January 1 Changes to Mello-Roos Community Facilities Act and Marks-Roos Local Bond Pooling Act - Senate Bill 692, effective January 1, 2014, makes several changes to the Mello-Roos Community Facilities Act and the...more

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