Sponsor proposes new limits on disaster mortgage bonds to avoid misuse

Stanton, Michael
November 1997
Bond Buyer;11/13/97, Vol. 322 Issue 30272, p6
Trade Publication
Focuses on the legislation introduced in Congress by Representative Jim Ramstad in early November 1997 to rework limits on disaster mortgage revenue bonds (MRBs) and reinstate restrictions to ensure it does not open an unintended loophole. Clarifications proposed to the mortgage subsidy; Terms of the original legislation on MRBs proposed in 1996; Terms of the reworked legislation.


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