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Fitch notes California s plan to step in on bonds for damaged lab

California filed a disclosure notice March 30 saying it would cover lease revenue bond payments for a damaged Central Valley agriculture lab.

United statesSan diegoDavid hitchcockKaren kropJoe deandaDepartment of foodFitch ratingsAlex ardans branch laboratory in tulareCalifornia state treasurerFitch ratingCalifornia state public works boardAlex ardans branch laboratoryCentral valleyPublic works boardBuild america bondState public works board

California treasurer s office to cover bond payments for flood-damaged Tulare lab

The Tulare lab is not required to make lease payments that pay the debt if the building is rendered inoperable.

United statesTulare countyTule riverSan diego countyCentral valleyJoe deandaDavid hitchcockDepartment of foodAlex ardans branch laboratory in tulareCalifornia state treasurerCalifornia state public worksAlex ardans branch laboratoryPublic works boardState public works boardBuild america bondRevenue bonds

National infrastructure bank back in play

The idea for a national infrastructure bank has resurfaced in Congress, with advocates saying it will attract private equity and pension funds to fill a gap that federal money can't address.

United statesSouth koreaColin allredDaniel websterMichael likoskyRailroad rehabilitation improvement financingInfrastructure bankAlliance for financing us infrastructureAmerican securities associationInfrastructure committeeFederal infrastructure bank actHouse transportationPresident obamaJobs actBond dealersSan francisco based

BABs subsidy cuts legal under sequestration, judge rules

Public power agencies argued that subsidies for Build America Bonds should be exempt from the federal budget sequestration process.

United statesJohn godfreyUs supreme courtUs courtIndiana municipal power agencyOffice of managementAmerican public power associationBuild america bondFederal circuitIndiana municipal powerBuild america bondsAmerican recoveryReinvestment actBudget control actAmerican public powerFederal claims

Inflation Reduction Act may spark more municipally owned clean energy

Fitch said it expects the law will spur more public power borrowing for clean energy facilities.

United statesJohn godfreyJohn stanleyFitch ratingsAmerican public power associationAmerican public powerPresident bidenBuild america bondEnergy industryWashington dcClimate changeTax creditsInvestment and tax related legislationState budgets

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