A Huge Win for Municipal Bonds
With the passage of the bipartisan infrastructure bill, muni’s see huge victory.
According to The Bond Buyer, bonds scored a major win as the infrastructure bill drastically raises the bond cap.
The bipartisan infrastructure bill includes $550 million to reauthorize surface transportation funding programs, and increases the federally-administered private activity bond volume cap to $30 billion from $15 billion, in addition to $110 billion for roads and bridges, $66 billion for rail projects, $42 billion for ports and airports, $39 billion for public transit, $73 billion for updating the power grid, $55 billion for drinking water and $65 billion for broadband infrastructure.
