State and local governments finance more than 75 percent of all U.S. infrastructure projects, and while we are pleased to see that the proposal recognizes the importance of partnering with state and local governments, policymakers must ensure we have access to the funding mechanisms needed to execute this robust plan. As the House and Senate develop legislation, we urge lawmakers to expand the use of tax-exempt debt to ensure state and local governments can maximize their ability to support critically needed infrastructure enhancement. – Hon. Beth Pearce, Vermont State Treasurer and NAST President
Developed during NAST’s 2018 Legislative Conference in Washington D.C., state treasurers outlined the following three principles to guide federal policymakers as they consider infrastructure legislation:
NAST continues to pursue these principles through education and advocacy throughout the year. Below are resources and media articles highlighting the journey.
Resources
Investing in Our Communities Act Toolkit (5.17.19)
NAST HQLA Letter to Congressional Leadership (3.22.18)
NAST Infrastructure Letter to Congress (2.21.18)
NAST Infrastructure Letter to White House (1.23.18)
Resolution: Preserving and Enhancing the Tax Exempt Status of Municipal Bonds (Approved 9.18.17)
Resolution: Municipal Securities in regards to HQLA Designations (Approved 9.12.16)
Media
Bloomberg: State Treasurers Seeking Preferred Status for Municipal Bonds (3.28.18)
BondBuyer*: NAST Pushes for HQLA Legislation (3.28.18)
RouteFifty: State Treasurers Want Advance Refunding Tax Exemption Restored (2.22.18)
The Hill: State treasurers call for restoring tax exemption to help fund infrastructure (2.22.18)
Bloomberg*: State Treasurers Want Congress to Revive Advanced Refundings (2.13.18)
Click here for more information on NAST’s Federal Relations efforts
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Billions of dollars worth of unclaimed #savingsbonds will be united with their rightful owners under S.2417 and HR.… https://t.co/jVAzqgcfAc
The Treasury Management Training Symposium is our largest conference of the year and will be hosted in beautiful Providence, Rhode Island this..