Bill Would Let Companies Use Private-Activity Bonds for Roads

Sanchez, Humberto
February 2005
Bond Buyer;2/4/2005, Vol. 351 Issue 32064, p5
Trade Publication
The article reports that United States Senator Jim Talent introduced legislation recently that would allow private companies to use up to $15 billion in tax-exempt private-activity bonds that would be exempt from state volume caps to finance the construction of highway projects. According to a Talent spokesman, the legislation--which would also allow the bond financing of intermodal freight projects--is identical to a provision included last year in a U.S. Senate-approved bill that would have replaced the Transportation Equity Act for the 21st Century.


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