Disir
Platinum Member
- Sep 30, 2011
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A new proposal in Congress could make financing infrastructure projects in rural America far more affordable.
Called the Municipal Bond Market Support Act of 2019, the bill would modernize a restriction on so-called bank-qualified municipal bonds that effectively limits small governments’ access to cheaper borrowing rates in the municipal market.
The Government Finance Officers Association (GFOA) estimates that the proposed bill could save as much as $1.1 million in financing costs on a 15-year, $30 million bond issued by a small government. That translates into hundreds of millions of dollars in savings each year for small governments, nonprofits and districts across the country.
This Bill Could Save Rural Governments Millions in Infrastructure Financing
No text yet.
H.R.3967 - 116th Congress (2019-2020): To amend the Internal Revenue Code of 1986 to permanently modify the limitations on the deduction of interest by financial institutions which hold tax-exempt bonds, and for other purposes.
And lobbying.
MBFA Lobbies Congress to Restore Advance Refundings & Increase Bank Qualified Limits – Municipal Bonds for America
No movement on infrastructure for two years? That's crazy. What do you think?
Called the Municipal Bond Market Support Act of 2019, the bill would modernize a restriction on so-called bank-qualified municipal bonds that effectively limits small governments’ access to cheaper borrowing rates in the municipal market.
The Government Finance Officers Association (GFOA) estimates that the proposed bill could save as much as $1.1 million in financing costs on a 15-year, $30 million bond issued by a small government. That translates into hundreds of millions of dollars in savings each year for small governments, nonprofits and districts across the country.
This Bill Could Save Rural Governments Millions in Infrastructure Financing
No text yet.
H.R.3967 - 116th Congress (2019-2020): To amend the Internal Revenue Code of 1986 to permanently modify the limitations on the deduction of interest by financial institutions which hold tax-exempt bonds, and for other purposes.
And lobbying.
MBFA Lobbies Congress to Restore Advance Refundings & Increase Bank Qualified Limits – Municipal Bonds for America
No movement on infrastructure for two years? That's crazy. What do you think?
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