Gas Bond OK Is Pledged By Treasury

Ferris, Craig T.
February 2002
Bond Buyer;2/15/2002, Vol. 339 Issue 31326, p1
Trade Publication
Reports on the permission given by U.S. treasury department to municipal utilities to issue tax-exempt bonds to purchase prepaid natural gas contracts. Limitation of Treasury to prevent arbitrage abuse; Use of prepayment bonds allowed by Treasury's tax policy; Amendment to allow the issuance of gas bonds; Decision to include a statement in the report with the bill; Combination of energy tax bill with overall energy bill.


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