Treasury to Propose SLGS Program Changes by Sept. 30

Barnett, Susanna Duff
August 2004
Bond Buyer;8/5/2004, Vol. 349 Issue 31941, p5
Trade Publication
Reports on the decision of the U.S. Department of the Treasury to publish the proposed regulatory changes intended to curb perceived abuses in the state and local government securities program. Plan of the department to give market participants 30 days to comment on the proposed rules once they are published; Move of the department to consider the comments before publishing a final rule; Design of the program to help states and local governments avoid earning prohibited arbitrage profits.


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