Posts by RIHEBC

The Bond Buyer has reported that there have been some concerns among issuers with the amendments to Rule 15c2-12. To read the full article, please click the following link.

The School Building Authority (SBA) at RIDE has prepared and posted draft guidance document regarding the Statewide School Construction Bond. The guidance document includes information about applicability of and requirement for each of the six temporary bonus incentives and the one permanent bonus incentive, as well as an overview of the disbursement mechanism for the upfront funding associated with the $250 million School…

RIHEBC announced the issuance of $5 million in Educational Facility Revenue Refunding Bonds on behalf of Meeting Street

The Bond Buyer has reported that the Government Finance Officers Association (GFOA) and other municipal groups have issued an alert to its members about the upcoming effective date of the SEC’s Rule 15c2-12. To read more, download the article.

PROVIDENCE, R.I. – The Rhode Island Health and Educational Building Corporation (RIHEBC) announced the issuance of $19.8 million in Higher Education Facility Revenue Bonds on behalf of the Rhode Island Council on Postsecondary Education (the Council). The tax-exempt bonds closed on December 12, 2018, and will be used to finance the engineering and construction of…

Provided in the article linked below from the Bond Buyer is an example of P3s in New England.

PROVIDENCE, R.I. – The Rhode Island Health and Educational Building Corporation (RIHEBC) announced the issuance of $20 million in Educational Facility Revenue Bonds on behalf of St. Andrew’s School. The tax-exempt bonds closed on October 31, 2018, and will be used to finance capital projects at the School’s campus in Barrington, including a 40-bed student residence…

RIHEBC is thrilled that the voters of Rhode Island chose to pass Question 1 on Tuesday, November 6th. The ballot measure, which would allow the State to borrow $250 million for public school repairs, and subsequent information on the State’s plan can be read in further detail at WPRI’s article linked here.

Please read the following article from the Bond Buyer to learn more about the strategy that the IRS has selected for auditing tax-exempt bonds in 2019. IRS sets audit strategy for tax-exempt bonds in 2019

Please read the following article from the Bond Buyer regarding how new amendments to an SEC Rule could create challenges for the municipal market.