Local government groups told a House committee Thursday the reinstatement of tax-exempt advance refunding and tax credit bonds are top priorities for infrastructure financing, part of a “bond modernization agenda.” They also highlighted the importance of raising the limit on bank-qualified debt to $30 million as part of that effort. … Mayor Stephen K. Benjamin of Columbia, South Carolina, a former president of the U.S. Conference of Mayors, described the reinstatement of direct-pay tax credit bonds through another round of Build America Bonds as “an excellent complement” to municipal bonds. Although all of the proposals have some bipartisan support in Congress, the extent of that support remained unclear at the hearing.
Source: The Bond Buyer
