Not exact matches
Debt obligations issued by states, cities, counties, and other public entities that use the loans to
fund public
projects, such as the
construction of schools, hospitals,
highways, sewers, and universities
•
Highway Infrastructure and Urban Transit, administered by the Department of Transportation and the Metropolitan Transportation Authority, continued to
fund thousands of jobs in
construction projects around the State and directly
funded 2,735 jobs.
The measure was necessary because the
Highway Trust
Fund, which is used to finance bridge and road
construction projects, was set to run out of
funding on May 31.
If Congress delays actions for just 10 days beyond that, nearly $ 1 billion in
highway funding that could be spent on
construction projects across the nation would be lost.
Municipal bonds («munis») are issued by state and local governments to
fund the
construction of schools,
highways, housing, sewer systems, and other important public
projects.
Much as signs across the United States remind Americans that
highway construction and other infrastructure
projects were
funded through the American Recovery and Reinvestment Act to put Americans back to work during the recession, governments must help the public understand what they gain in return for subsidy reform.