PABs bill hinges on Senate vote

The removal of state caps on private activity bonds has moved a step closer

Private activity bonds may finally become a reality for water infrastructure projects, as legislation permitting their expanded use in the US was passed by the House of Representatives on 24 March.

After several months of waiting, the legislation was included as part of the Small Business and Infrastructure Jobs Tax Act of 2010 (HR 4849). The bill includes the removal ...

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