Panel Agrees to Keep at NABL plan to Modify Bondholder Penalties

Barnett, Susanna Duff
June 2004
Bond Buyer;6/15/2004, Vol. 348 Issue 31905, p5
Trade Publication
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.


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