Update On PABs For P3s

Congress in 2006 amended the tax code and gave USDOT $15 billion in tax-exempt private activity bond (PAB) authority to support the financing of privately developed transportation projects, including freight transfer facilities. Jack Bennett, who keeps the numbers at the Office of the Secretary at DOT, says about $6.5 billion of that loan authority has not been allocated.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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