GFOA Expresses Concern With JTC's Recommendations

Newman, Emily
January 2005
Bond Buyer;1/31/2005, Vol. 351 Issue 32060, p4
Trade Publication
Focuses on the recommendations of the Joint Tax Committee to the Government Finance Officers Association debt committee chairman, Patrick Born, on the prohibition of advance refunding of tax-excempt governmental bonds in the U.S. Possible changes on the structure of bond issues due to the raise of new tax revenue; Discussions of problems created for issuers by the proposed curb on advance refunding as well as several other possible restrictions on municipal bonds; Response letter of the committe to the National Association of Bond Lawyers proposal.


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