Safe harbor from yield burning urged

Hume, Lynn Stevens
March 1998
Bond Buyer;03/06/98, Vol. 323 Issue 30345, p4
Trade Publication
Reports on the agreement among municipal industry bond counsel and issuer groups in the United States on an approach that federal regulators should adopt to determine which advance refunding would not be subject to enforcement action for yield-burning abuses. Group's failure to consult with US Department of Treasury officials; Pre-requisites to exempting issues from yield-burning enforcement.


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