TITLE

Bill Would Let NADBank Back Tax-Exempts

AUTHOR(S)
Newman, Emily
PUB. DATE
March 2005
SOURCE
Bond Buyer;3/28/2005, Vol. 351 Issue 32098, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the introduction of a legislation by Senator Kay Bailey Hutchison that would grant power to the North American Development Bank to guarantee tax-exempt bonds in Texas. Exemption of the San Antonio-based bank from a provision of the federal tax code that prohibits federal guarantees of tax-exempt bonds; Issuance of tax-exempt debt for housing; Ease of selling debt for smaller communities.
ACCESSION #
16574676

 

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