Congressional Correspondence

APGA is a member of the Public Finance Network (PFN), a coalition of associations and other organizations interested in municipal finance issues. PFN recently sent a letter to the Administration and congressional leadership advocating for the inclusion of municipal bond provisions in any infrastructure package. APGA was listed as a supporter.

The letter specifically recommended preserving the tax exemption on municipal bonds, restoring advance refunding, and restoring and expanding the use of direct-pay bonds with protections against the effects of sequestration.

Recent reports indicate that the Senate will pursue a bipartisan infrastructure deal, and early versions of the potential framework indicate that direct-pay bonds will be a part of the financing structure. Details are still scarce, but APGA will be monitoring that issue as infrastructure talks progress.