A $760 billion infrastructure plan packed with help for the public finance sector is being offered by House Democrats as the legislative vehicle for fourth coronavirus emergency spending bill that would focus on economic stimulus.
The five-year spending plan Democrats originally proposed at the end of January calls for reinstating advance refunding, Build America Bonds and tax credit bonds. It also would expand qualified private activity bonds, allow a to-be-decided increase in airport passenger facility charges and $40 billion more for State Revolving Funds that finance water projects.
Speaker Nancy Pelosi told reporters in a conference call Wednesday that new additions that would increase the original price tag of the package include $10 billion for construction of new community health centers.
The coronavirus health emergency has exposed gaps in the nation’s healthcare system and the need for universal high speed broadband, Democrats said. The original package already set a goal of achieving universal high speed broadband.
(Read more: The Bond Buyer)
