Bond Basics

Arbitrage Bonds

Tax-exempt bonds violating yield restrictions imposed by Section 148 of the Internal Revenue Code (IRC) and Treasury Regulations promulgated thereunder.

The Bond Basics is a one-stop-shop for answers to your various municipal bond questions. This resource is intended to provide certain foundational information to serve as a resource for those beginning their work in the legal aspects of public finance (“Novices”) as well as more experienced professionals who, from time to time, would like to get back to the basics.

  1. Get Started
  2. Setting the Stage
  3. The Transaction
  4. Specific Matters

New to Bond Law?

Start your journey with the Bond Basics here!

Background and primers on various topics to help you understand the lay of the land.

Core concepts that will likely come up during the transaction.

Considerations on specific areas of law that may intersect with the bond transaction.

Read Cover-to-Cover

Access a PDF print version of the Bond Basics dated April 3, 2023.

Glossary of Terms