Pols Float Tax-Exempt Bond Expansion For Water Projects

Law360, New York (March 14, 2014, 6:40 PM EDT) -- Two U.S. congressmen floated legislation Thursday that would make it easier for local governments to access funding for water infrastructure projects by exempting them from a congressional volume cap on tax-exempt bonds that fund infrastructure work.

The Sustainable Water Infrastructure Act of 2014, introduced by Reps. John Duncan Jr., R-Tenn., and Bill Pascrell Jr., D-N.J., would remove water and wastewater infrastructure projects from the private activity bond volume cap — a move that would add $101.5 billion in tax revenue to federal, state and local governments,...
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