December 20, 2010 Newsletter

Topics: Kiss BABs Goodbye; Texas Charter Schools Lead in Efficacy; Physician-Owned Hospitals Seek Help in Texas 
Season's Greetings from CDA

The team at Community Development Associates sends best wishes for the holiday season to you and your loved ones. We hope you are able to enjoy safe travels, fellowship, and relaxing time with family and friends.

The last couple years have brought many ups and down to the bond finance industry, but CDA looks to the New Year with optimism, and with gratitude for our colleagues and friends. We wish you all a very prosperous 2011!

•   Bye-bye, BAB's: President Signs Tax Bill on Friday -

On December 17, after receiving bipartisan support in the Senate on Wednesday and a 277-148 final vote in the House late on Thursday night, Congress sent an $801 billion package of tax cuts to the White House, which contained no extension for BABs, increased BQ bond limit, AMT exemption for private-activity, RZBs, or other muni finance incentives.

On December 10, the Bond Buyer observed that "[t]he BAB program and other muni incentives are not likely to be revived next year because Rep. Dave Camp, R-Mich., incoming chairman of the House Ways and Means Committee, has staunchly opposed BABs and anything stimulus-related, sources said."

 •   A Quarter of Texas' Most Efficient Schools are Charters - TCSA, December 10, 2010

A study by the office of Texas State Comptroller Susan Combs shows Texas charter districts account for 25% of the “five-star districts” that have improved student achievement while keeping expenditures relatively low. ....READ THE TCSA STORY

•   Texas legislators help physician-owned hospitals fight for a do-over - CQ Roll Call, November 15, 2010

"The new health care law seemed to spell the demise of physician-owned speciality hospitals, a fast-growing phenomenon in states such as Texas where hospital growth is largely unregulated."

"Rather than retreating quietly into their examining rooms, doctors are challenging the law’s restrictions in the courts and gearing up to fight them in the new Congress. And they have friends in the new Republican House."

Community Development Associates
6988 Lebanon Road, Suite 103 | Frisco | TX | 75034
Tel: (214) 256-3121 | Fax: (214) 256-3209

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