Reissuance and Refundings

Recap of the latest from Washington, D.C. and insights into what may be on the horizon for the remainder of the year.

Requested items for inclusion on the Internal Revenue Service’s (IRS) 2023-2024 Priority Guidance Plan.

A recap of the Board of Director’s advocacy meetings in Washington, D.C. on May 17 – 19.

As the federal government continues to move closer to its debt ceiling x-date, all options are on the table.

Overview of the role of, responsibilities, and expectations imposed on issuer’s counsel in a municipal bond transaction.

Introduction to the legal and tax aspects of refundings and the core tax concepts of a reissuance.

Member-exclusive discussion on various legislative proposals and potential technical corrections that could improve the tax-exempt bond market.

Representatives Kustoff and Ruppersberger reintroduced the Investing in Our Communities Act, which would restore tax-exempt advance refundings for municipal bonds.

The deemed new issuance of outstanding tax-exempt bonds for federal tax purposes under Section 1001 of the Code and Treasury Regulations Section 1.1001-3 as a result of certain changes to…

A document that verifies the mathematical accuracy of information needed to support bond counsel’s conclusions that an advance refunding bond issue is a tax-exempt bond issue and/or that refunded bonds…

Bonds issued in a refunding to pay off the refunded bonds.

Outstanding bonds which are paid off with all or a portion of the proceeds of refunding bonds.