TITLE

Panel Agrees to Keep at NABL plan to Modify Bondholder Penalties

AUTHOR(S)
Barnett, Susanna Duff
PUB. DATE
June 2004
SOURCE
Bond Buyer;6/15/2004, Vol. 348 Issue 31905, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the Government Finance Officers Association's committee on debt management have agreed to continue work on a legislative policy proposed by the National Association of Bond Lawyers (NABL) that would ask the U.S. Internal Revenue Service (IRS) to provide issuers with alternative penalties instead of taxing bond-holders when violations have occurred. Concern of the committee members on the sanction enforced by the IRS; Frustration of the committee members over NABL's draft proposal; Impact of the proposal on issuers.
ACCESSION #
13465603

 

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