Reissuance and Refundings

Q2 Advocacy Update
Recap of the latest from Washington, D.C. and insights into what may be on the horizon for the remainder of the year.

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

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

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

The Role of the Issuer’s Counsel [The Essentials 2023]
Overview of the role of, responsibilities, and expectations imposed on issuer’s counsel in a municipal bond transaction.

Practical Due Dilligence [The Essentials 2023]
Introduction to the legal and tax aspects of refundings and the core tax concepts of a reissuance.

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

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

Reissuance
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…

Verification Report
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…

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