TITLE

'Essential Government Function' Needed for Conduit Debt

AUTHOR(S)
McConnell, Alison L.
PUB. DATE
January 2006
SOURCE
Bond Buyer;1/23/2006, Vol. 355 Issue 32303, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the United States Congress did not intend to give tribes access to tax-exempt bond financing according to the Internal Revenue Service. Due to this conduit Indian tribal bonds cannot finance any activity that is not essential government function. The tax code treats tribes as states.
ACCESSION #
19752112

 

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