'Essential Government Function' Needed for Conduit Debt

McConnell, Alison L.
January 2006
Bond Buyer;1/23/2006, Vol. 355 Issue 32303, p5
Trade Publication
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.


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