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The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's core conduct rule for municipal advisors, despite its controversial ban on principal transactions.
December 24 - Washington
The gasoline tax and other dedicated taxes and fees provide about 70% of the funding in the new five-year, $305 billion FAST Act, but that level of support will drop to about 50% when the measure expires in October 2020, said Peter Nonis, senior manager for federal relations at the American Society of Civil Engineers.
December 24 -
The search for a robust revenue source to supplement or even replace the federal gasoline tax will pick up speed in 2016.
December 24 - Washington
The new five-year federal transportation funding law has opportunities as well as some limits for P3 project financing.
December 23 -
A provision in the new transportation funding law that lifts the ban on using tax-exempt bonds in conjunction with federal loans will result in lower borrowing costs for water utilities, Fitch Ratings said on Thursday.
December 10 -
The Port of Seattle Commission has approved a $408.4 million budget for 2016 that includes extensive infrastructure investments as part of a more than $2 billion capital improvement plan.
December 8 -
Credit agencies say the new $305 billion FAST Act funding law is credit positive for state road and transit debt secured by federal transportation grants.
December 8 -
The Internal Revenue Service told Woodland Hills School District in Allegheny County, Pa. that bonds it issued in 2005 and advance refunded in 2013 may violate tax requirements and be taxable.
December 7 -
President Obama signed a five-year, $305 billion transportation funding bill on Friday.
December 6 -
Transportation Secretary Anthony Foxx said he expects Congress to agree on a multiyear highway bill by Christmas.
November 25