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Governmental Accounting Standards Board Proposes Updated P3 Guidelines

The primary objective of the guidelines is to improve financial reporting by addressing issues related to P3s and APAs. The guidelines provide uniform guidance on accounting and financial reporting for transactions that meet...more

New Jersey P3 Legislation Expands Opportunities for Major Infrastructure Projects, Including Roads

New Jersey has enacted legislation that greatly expands the pool of public agencies authorized to enter into public-private partnerships (P3s) for capital projects in the state, in order to address growing infrastructure...more

Massachusetts Court Rules on LIHTC Right of First Refusal Provisions

On June 15, 2018, the Massachusetts Supreme Judicial Court affirmed a grant of summary judgment by the Massachusetts Superior Court to a nonprofit developer allowing it to exercise its Section 42 right of first refusal...more

Trump Signs Executive Order to Streamline Environmental Review and Permitting Process for Infrastructure

On August 15, President Donald J. Trump signed a second executive order "streamlining" the federal environmental permitting process with a goal of making construction of transportation, water, and other infrastructure...more

INFRA Grant Program Encourages Use of P3s

The U.S. Department of Transportation (USDOT) has revised and renamed a federal grant program that provides federal financial assistance to highway and freight projects of national or regional significance to support projects...more

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