Bill Would Let NADBank Back Tax-Exempts

Newman, Emily
March 2005
Bond Buyer;3/28/2005, Vol. 351 Issue 32098, p5
Trade Publication
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.


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