A letter from a purchaser of Bonds in a Private Placement typically acknowledging any transfer restrictions applicable to the Bonds and attesting to the purchaser’s eligibility to purchase the Bonds.
Learn more about the various documents involved in a municipal securities transaction.
The period of time (often set forth in the tax certificate), during which a particular category of proceeds may be invested in higher yielding investments without the issue being treated as arbitrage bonds under Section 148 of the Code.
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