Client Alert
On January 16, 2015, the Obama Administration announced in general terms its plans with respect to the maintenance and improvement of public infrastructure, including roads, bridges, ports, water purification plants, and reservoirs, all of which are deemed critical services by the Administration for consumers and businesses alike. As a way to put private capital to work in revitalizing U.S. public infrastructure, the Administration is proposing the creation of a new type of tax-exempt municipal bond to be known as a Qualified Public Infrastructure Bond.
