High-Speed Rail Bill on Ways & Means Docket

Sanchez, Humberto
January 2006
Bond Buyer;1/31/2006, Vol. 355 Issue 32309, p1
Trade Publication
The article reports on the plan of the U.S. House Ways and Means Committee to consider legislation that would allow states to issue tax-exempt and taxable tax-credit bonds over ten years for the financing of high-speed rail projects, included in the Rail Infrastructure Development and Expansion Act for the 21st Century. It is viewed that the chances of the passage of the measure is slim due to the removal of the bond language from the bill in 2003. About $12 million in tax-exempt private-activity bonds and tax-credit bonds can be issued by the measure.


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