TITLE

SLGS Curbs Criticized

AUTHOR(S)
Barnett, Susanna Duff
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/18/2004, Vol. 350 Issue 32013, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that municipal bond market participants in the United States have criticized the proposal by the Treasury Department to put restrictions on State and Local Government Series securities (SLGS). Aim of the SLGS program, which is operated by the Bureau of Public Debt, to help state and local governments avoid earning prohibited arbitrage profits when reinvesting bond proceeds; Criticisms by Willis Ritter, former attorney-adviser on tax-exempt bonds at the Treasury; Comments by financial managers Steve Wisloski, Roger Anderson, Susan Gaffney and Mitchell Rapaport.
ACCESSION #
15149365

 

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