Register Today for The Institute

Register today to join nearly 400 of your NABL colleagues at NABL U Presents - The Institute: New Name. Expanded Focus. Advanced Discussions.  Formerly the Tax and Securities Law Institute (TSLI), The Institute features fourteen different breakout sessions designed for high-level analyses and discussions of the newest trends and challenges in public finance law. 

Download the brochure or visit the Institute webpage for detailed session descriptions and registration information.  You won't want to miss this one - March 7-8, 2019, Hyatt Regency Coconut Point, Bonita Springs, Florida.  

Final Regulations for Public Approval of Tax-Exempt PABs and NPR for Reissuance of State or Local Bond

Final Regulations: Public Approval of Tax-Exempt PABs 

The Department of the Treasury (Treasury) and Internal Revenue Service (IRS) have issued final regulations on the public approval requirement applicable to tax-exempt private activity bonds issued by state and local governments. The final regulations update and replace existing regulations to address statutory changes, streamline the public approval process, and reduce administrative burdens. These regulations are effective December 31, 2018 and apply to bonds issued pursuant to a public approval occurring on or after April 1, 2019. The provisions of the final regulations related to deviations in public approval information may also be applied in whole but not in part to bonds issued pursuant to a public approval occurring before April 1, 2019.

NPR: Reissuance of State or Local Bonds
On December 31, 2018, Treasury and the IRS proposed regulations that address when tax-exempt bonds are treated as retired for purposes of section 103 and sections 141 through 150 of the Internal Revenue Code (Code). The proposed regulations also offer amendments to existing reissuance regulations at section 1.1001-3(a)(2) to conform that section to the proposed regulations. The proposed regulations are necessary to unify and to clarify existing guidance on this subject and affect state and local governments that issue tax-exempt bonds. Comments and requests for a public hearing must be received by March 1, 2019.

For additional information and links to the relevant publications, read the latest NABLnet Alert

NABL Mourns the Passing of Harry Altscher

NABL mourns the loss of founding member, Harry Altscher.  Harry was a partner at Miles & Stockbridge P.C. in Baltimore, Maryland, for almost 40 years, and was one of nation’s preeminent tax lawyers in municipal finance law.  In addition to being a founding NABL member, he also chaired the 1987 Bond Attorneys’ Workshop and served on the Board of Directors that year. He was a fellow of the American College of Bond Counsel.  Harry was Bond Counsel for many local governments, agencies and departments, including: Howard and Harford Counties, Baltimore City, the City of Laurel, Maryland, the Maryland Economic Development Corporation, the Maryland Industrial Development Financing Authority, the Maryland Department of Transportation, and the District of Columbia Housing Finance Agency. Harry was also the architect and developer of Agricultural Land Preservation Financing Programs in several Maryland counties which have helped to preserve and protect many thousands of acres from being developed. Although he passed, his good nature, wisdom, and unmatched work ethic will stay with his family, friends, and colleagues forever. Harry is survived by his wife, Diane, his children Alison and Aaron, and his grandchildren Madi and Luke.  A memorial celebrating Harry’s life is planned for January 19, 2019 at The Meeting House at the Oakland Mills Interfaith Center, 5885 Robert Oliver Place, Columbia Maryland 21045 at 7pm.