Observers: Arbitrage Rebate Relief Not Likely This Year From Congress

Sanchez, Humberto
May 2003
Bond Buyer;5/9/2003, Vol. 344 Issue 31632, p5
Trade Publication
Relief for municipal bond issuers from tax laws that require them to pay arbitrage rebate is not expected to be approved this year, an official of The Bond Market Association and other market observers said as of May 8, 2003.The tax legislation that Congress is currently considering is made up of just a few large, specific pieces, and there does not appear to be support in Congress to attach a provision relaxing arbitrage rules or other riders, Frank Hampton(Frank Hampton), a lobbyist with TBMA, told those attending the annual federal policy conference of Council of Infrastructure Financing Authorities as of May 8, 2003.The clean water and drinking water SRF programs provide low-interest loans for water infrastructure projects and have become a major source of water infrastructure financing.


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