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Shutdown may imperil bonds backed by fed transit aid

Bloomberg data shows that at least $10 billion of Grant Anticipation Revenue Vehicles sold by states or transit systems and backed by federal highway or transportation aid are outstanding in the $3.7 trillion muni market. While federal funds will continue to pay debt on the highway bonds, appropriations for the securities through the FTA would be affected by the shutdown.

Calif. HSRA seeks $8.6B in state bonds

Half of the bond money would go to the first segment of the line. The project still needs to weather lawsuits over the next couple of months. The lawsuit rulings could stall the funds.