California treasurer Fiona Ma named Nancee Robles to head the California Tax Credit Allocation Committee and California Debt Limit Allocation Committee.
By Ross Pearson - WBGZ Radio
U.S. Representatives Rodney Davis (R-IL) and Earl Blumenauer (D-OR) have introduced a bi-partisan infrastructure bill in congress.
The goal behind H.R. 2541, the Building United States Infrastructure and Leveraging Development (BUILD) Act, is to encourage road, bridge, rail and freight improvements through the cooperation of public-private partnerships at the state and local levels.
Funding would come through Private Activity Bonds, which allow state or local governments to issue tax-exempt debt with the approval of the U.S. Department of Transportation for infrastructure improvements.
PAB’s are currently capped at $15 billion. The BUILD Act would raise that cap to $30 billion, doubling the amount of infrastructure work that could be allocated from the DOT. The American Society of Civil Engineers, Laborers International Union of North America, the American Association of State Highway and Transportation Officials, and the US Chamber of Commerce