TITLE

IRS Notice Eases N.Y. Refunding Agency Clarifies Law

AUTHOR(S)
Kinnander, Ola
PUB. DATE
November 2002
SOURCE
Bond Buyer;11/1/2002, Vol. 342 Issue 31504, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the U.S. Internal Revenue Service released a notice in the last week of October, 2002 which allows the New York State Environmental Facilities Corp. to advance a multi-million dollar refund in tax-exempt bonds on behalf of the New York City Municipal Water Finance Authority. Law passed to help New York recover financially after the September 11, 2001 terrorist attacks; Low interest rates to be paid on the bonds.
ACCESSION #
8628405

 

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