Texas' LCRA Looks to Make Splash With $173M of Refundings
- IRS Will Push BAB Payments. DEPAUL, JENNIFER // Bond Buyer;3/6/2013, Vol. 383 Issue 33872, p1
The article informs that the tax-exempt bond office of the U.S. Internal Revenue Service (IRS) will manage the Build America Bond (BAB) and other directpay bonds payments manually. It mentions that the office will work on the payments process for two to three weeks to figure out 8.7 percent...
- IRS: Issuer of Tax-Exempts, BABs, Can Reallocate Proceeds. Jagoda, Naomi // Bond Buyer;9/4/2014, Vol. 1 Issue 34172, p1
The article reports that the U.S. Internal Revenue Service has ruled that an issuer of tax-exempt bonds and Build America Bonds (BAB) can reallocate its proceeds. It further mentions that the government agency has also concluded that the issuer can use earnings on BAB proceeds in a reserve fund...
- Treasury: IRS to Aggressively Go After Abusive Bond Deals. Barnett, Susanna Duff // Bond Buyer;10/26/2004, Vol. 350 Issue 31997, p4
The article reports that U.S. Internal Revenue Service's tax-exempt bond office is aggressively going after abusive bond deals. The tax-exempt bond office, which is one of five offices in the tax-exempt and government entities division, has developed an enforcement program that actively...
- IRS Allows Issuer to Pay Debt Service With Trust Income. Barnett, Susanna Duff // Bond Buyer;7/13/2004, Vol. 349 Issue 31924, p5
Focuses on the decision of the U.S. Internal Revenue Service (IRS) to allow issuers of tax exempt bonds to pay debt service with trust income. Reference to the IRS decision on the Arizona School Facilities Board case; Effect of the ruling on the tax-exempt bond community; Details of the...
- New York State Prepares $269M GO Issue. Phillips, Ted // Bond Buyer;3/10/2008, Vol. 363 Issue 32832, p1
The article reports on the plans of New York to issue its annual general obligation bonds (GO) of about $269 million of tax-exempt and taxable GO bonds. The state sells the vast majority of its debt through public authorities rather than as GOs which will be sold in two series of serial bonds....
- Connecticut Agency Deal Includes $72M of State-Backed Debt. Cataldo, Adam // Bond Buyer;7/7/2004, Vol. 349 Issue 31920, p3
Reports that Connecticut's Capital City Economic Development Authority is expected to complete a multi-million financing before the end of July 2004. Credit rating of the agency; Authority's expected sale in tax-exempt, fixed-rate bonds and floating-rate debt; Authority's entry into a...
- Mortgage Bond Abuse Targeted. Barnett, Susanna Duff // Bond Buyer;3/2/2004, Vol. 347 Issue 31832, p1
Reports that the U.S. Internal Revenue Service has sent letters to several dozens issuers of single-family mortgage bonds asking for information on any upfront money paid to them or other parties in a transaction that was used to pay any portion of the issuance costs.
- IRS Issues Favorable Guidance for Student Loan Bonds. Hume, Lynn // Bond Buyer;11/16/2015, Vol. 1 Issue 34410, p1
The Internal Revenue Service has issued guidance clarifying that state student loan programs can use tax-exempt bonds to fund parent loans for students and that tax-exempt bonds can be used for a broad range of refinancings that help student loan borrowers take advantage of lower rates.
- Chicago Hits Market with Wastewater Restructuring. Shields, Yvette // Bond Buyer;10/14/2015, Vol. 1 Issue 34393, p1
Chicago heads into the market Wednesday with $440 million of second lien wastewater revenue debt that moves the city closer to putting behind it the $2.2 billion liquidity headache triggered by rating downgrades.