AAPA contends Congress should provide aid to ports as the industry has been hammered by COVID-19.
It substitutes the $160 billion in direct aid to state and local governments that had been proposed with direct checks to individuals.
It has become apparent that even more creativity will be necessary to pass legislation in the upcoming Congress. The only problem is we do not have the luxury of time.
Illinois expects to close by the end of the week on a three-year loan through the Federal Reserve at 3.42%, a steep penalty compared to the state's current trading levels.
The Port Authority of New York and New Jersey is proposing a scaled down 2021 budget that includes additional borrowing for its capital program.
The authority that financed baseball and football stadiums in Chicago is sounding fiscal alarms as the coronavirus pandemic crushes hotel tax revenue.
The bill includes money for coronavirus vaccine distribution, schools, transit, airports, small business, and the unemployed.
One must be mindful of and pay close attention to obligor filings, credit spreads and, of course, rating actions whatever chair you sit in.
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One must be mindful of and pay close attention to obligor filings, credit spreads and, of course, rating actions whatever chair you sit in.
December 15
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Ken Lind, leader of Nixon Peabody's project finance and public finance group, breaks it down by sectors and financing instruments. He also examines virus-related SEC disclosure guidance plus the planned phaseout of Libor. Paul Burton hosts. (38 minutes). Recorded Dec. 2.
December 15
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New York State's short-term revenue losses, resulting from coronavirus shutdowns, won't curb enthusiam for the Empire State Development Corp.'s offering, according to market sources.
December 14
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The state's largest authority pulled off a $1.23 billion issuance that included its inaugural green bonds, and it did so during the height of the coronavirus pandemic.
December 14
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The LBJ Infrastructure Group, operator of managed lanes on a Dallas highway, will sell $1.2 billion of bonds through a conduit issuer.
December 14
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Pinned into a corner from the economic effects of COVID-19, the mass transit agency tapped its remaining amount available through the Municipal Liquidity Facility, which expires at year's end.
December 10 -
Hawaii's governor announced that state employees would be furloughed two days a month; the state sold $750 million of GO bonds in October to fund operations.
December 10
