As governments continue to grapple with how to generate the massive funds needed for infrastructure updating and modernization, a new rule from the IRS (cleverly labelled '63-20') enables creation of non-profit organizations that can issue tax-exempt bonds to fund infrastructure projects - if the organization meets certain criteria. Those are listed and clearly explained in this article. 

PPP's can be established and funded in a wide variety of ways, and I think they are a key tool to meeting our infrastructure needs. This rule provides another helpful lever to make PPP's more effective.