bonds

ASCE Supports Public Financing Tools to Fund Key Infrastructure Projects

This month, the Government Finance Officers Association (GFOA), an ASCE coalition partner and lead of the Public Finance Network (PFN), released a report entitled, “Understanding Financing Options Used for Public Infrastructure.” For well over a century, state and local governments and public entities across our nation have used tax-exempt bonds as a means to provide......

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New Bill Would Reinstate Advance Refunding Bonds for Infrastructure

Congressman Randy Hultgren (R-IL) and Congressman C.A. Dutch Ruppersberger (D-MD) introduced H.R. 5003, a bill to reinstate advance refunding bonds, which were replead in H.R. 1, the Tax Cuts and Jobs Act. During the tax bill debate the American Society of Civil Engineers (ASCE) opposed provisions that eliminated financing tools, including advance refunding bonds and......

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Tax Legislation Hurts Infrastructure, Engineers

The American Society of Civil Engineers (ASCE) is concerned that Congress has missed a once-in-a-generation opportunity to address the nation’s infrastructure investment gap. Earlier this month, Congress began the process of crafting tax-cut legislation. The House Ways and Means Committee drafted H.R. 1, the Tax Cuts and Jobs Act, which passed out of committee and......

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Sens. Hoeven and Wyden Reintroduce Move America Act

Sens. John Hoeven (R-ND) and Ron Wyden (D-OR) recently re-introduced their Move America Act to expand the availability of tax-exempt bonds and create a new tax credit, bringing more private capital into infrastructure and giving states more flexibility to pursue infrastructure projects. The legislation creates Move America Bonds, expanding private activity bonds, which encourage private......

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