The Bond Buyer recently published a commentary ($) prepared by Squire Patton Boggs’ lawyers Mike Cullers and Roddy Devlin,  on the proposal in the Obama Administration’s federal government budget for fiscal year 2016 to expand exempt facility bonds to include a new category – Qualified Public Infrastructure Bonds.  Please see this commentary for a primer on the applicable requirements for state or local bonds to be QPIBs, the federal tax benefits of QPIBs, and how QPIBs would significantly enhance the ability to couple tax-exempt financing with public-private partnership arrangements.  This commentary also includes SPB’s perspective on whether QPIBs are likely to become a reality.