Sens. Corzine, Smith Introduce Bill Allowing an Extra Advance Refunding

Duff, Susanna
January 2003
Bond Buyer;1/31/2003, Vol. 343 Issue 31564, p6
Trade Publication
Reports on the introduction of legislation by the U.S. Senators Jon Corzine and Gordon Smith to allow state and local governments for the additional advance refunding. Opportunity for government to take advantage of low interest rate; Advantages of the legislation to issuers and dealers; Provisions of the legislation; Benefits of the bill to the state and local governments.


Related Articles

  • Congress Poised to Pass Stimulus Bill. Schroeder, Peter; Durron, Audrey // Bond Buyer;2/13/2009, Vol. 367 Issue 33061, p1 

    The article reports that Congress is expected to pass a $789 billion economic stimulus bill that contains all of the proposed municipal bond initiatives in the U.S. Moreover, Congress is also expected to create a new provision that would eliminate the alternative mininum tax (AMT) for refundings...

  • New Jersey Spruces Up $1.6B Deal. Braun, Martin Z. // Bond Buyer;12/10/2001, Vol. 338 Issue 31281, p1 

    Reports on a legislation of New Jersey that excludes refunding bonds issued by the state Transport Trust Fund Authority from its annual debt-limit calculations. Decrease in the amount of refunding bonds; Details on money deal for various transportation projects.

  • N.Y.C. Pushing for Legislation That Would Bring $66M in Savings in Fiscal 2005. McDonald, Michael // Bond Buyer;3/16/2004, Vol. 347 Issue 31842, p28 

    Reports that legislative measures that New York City is asking the state and federal government to enact would product debt service savings in fiscal 2005. Variable interest-rate swaps on fixed-rate debt; Advance refunding on the city's debt; Appeal to eradicate the debt cap on the New York...

  • Finance Bill Could Allow Gulf Bonds. McConnell, Alison L. // Bond Buyer;11/9/2005, Vol. 354 Issue 32856, p1 

    Reports on the assembly of U.S. Senate Finance Committee to consider its tax reconciliation bill in Washington D.C. Purpose of the proposed tax reconciliation bill to finance the private-activity bonding authority and additional advance refunding for hurricane-affected states; Estimated amount...

  • Bill Would Boost RZ Program. Schroeder, Peter // Bond Buyer;5/24/2010, Vol. 372 Issue 33321, p1 

    The article reports on the implication of the American Jobs and Closing Tax Loopholes Act that would double in size to 50 billion wherein Build America Bonds (BABs) could be utilized for current refundings of existing BABS in the U.S. It notes that the recovery zone bond program allows the...

  • Patrick OKs Bond Bill; MassPike to Use Appropriation Pledge. Kaske, Michelle // Bond Buyer;8/12/2008, Vol. 365 Issue 32938, p19 

    The article reports that Governor Deval Patrick has signed a $2 billion general bond bill to help finance the capital improvements in Massachusetts. The bill enables the Massachusetts Turnpike Authority to use the state's appropriation pledge of $800 million refunding deal. Moreover, the new law...

  • Commentary: California Tax Allocation Bonds Heat Up. Gortler, Steven // Bond Buyer;8/7/2014, Vol. 1 Issue 34157, p1 

    In this article, the author talks about tax allocation bonds of California. He states that the issuance of refunding bonds by agencies has targeted after California Governor Jerry Brown signed Assembly Bill 26 into law dissolving all redevelopment agencies in the State of California. He further...

  • Refunding Noncallable Debt. Emery, Douglas A.; Lewellen, Wilbur G. // Journal of Financial & Quantitative Analysis;Mar1984, Vol. 19 Issue 1, p73 

    The article focuses on refunding noncallable debt. The authors assert that the substitution of new debt for old in a firm's capital structure benefits shareholders. The reasons for refunding corporate debt include tax considerations, deferring taxable income, changes in interest rates, or the...

  • Bill Would Make BAB Program Permanent, Repeal the AMT on PABs. Jagoda, Naomi // Bond Buyer;2/5/2014, Vol. 123 Issue 34055, p1 

    The article offers information on the bill known as Invest in United States Act of 2014 introduced by republican Richard Neal to make the Build America Bond program (BAB) permanent with reduced subsidy payments and repeal the alternative minimum tax for private activity bonds, as of February...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics