TITLE

Bill Would Let Companies Use Private-Activity Bonds for Roads

AUTHOR(S)
Sanchez, Humberto
PUB. DATE
February 2005
SOURCE
Bond Buyer;2/4/2005, Vol. 351 Issue 32064, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
15950886

 

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