NABL Wants Clarity on Management Contract Safe Harbors
The National Association of Bond Lawyers wants the Treasury Department and Internal Revenue Service to revise the management contract guidance released in August, which it says is confusing and could limit the usefulness of safe harbors in short-term contacts.  more »
WASHINGTON – Rep. Richard Neal, a long-time supporter of municipal bonds, was named ranking minority member of the powerful House Ways and Means Committee on Friday. more »
Two Democrats who have some experience with municipal bonds, one much more so than the other, are vying to replace Rep. Sander Levin, D-Mich., as ranking minority member of the powerful House Ways and Means Committee that will play a key role in tax reform efforts. more »
The Internal Revenue Service notified the Judson Independent School District near San Antonio that the district’s $240.8 million of 2007 bonds were the subject of a routine audit. more »
Much like President-elect Donald Trump himself, Treasury Secretary-designate Steven Mnuchin represents something of a question mark for bankers when it comes to his agenda. more »
WASHINGTON – Capping the tax exemption for municipal bonds over a nine-year period would have cost state and local governments roughly $175 billion in additional borrowing costs, while a full repeal would have cost them nearly $500 billion more, state and local officials warned Tuesday. more »
The District of Columbia next week will issue $577.6 million in general obligation bonds partly to finance projects under the district's capital improvements plan. more »
The Treasury Department is still working to finalize regulations on issue price by the end of the calendar year, a Treasury official told The Bond Buyer this week. more »
The IRS has sent auditors new procedures for information document requests sent to issuers. more »
Republicans this week said they are working toward a continuing resolution to fund the federal government through March 31 instead of a full-year appropriations bill, a decision that disappointed Democrats and several GOP members. more »
Rebecca Harrigal, the first female director of the Internal Revenue Service’s Office of Tax Exempt Bonds, will leave her post at the agency next month to join a law firm. more »
An oversaturated casino market is making gambling a less appealing method to bring in revenues for state and local governments, a panel of state officials and policy analysts said here on Wednesday. more »
The city of Mobile, Ala., has agreed to pay an undisclosed sum of money to the Internal Revenue Service to maintain the tax-exempt standing of $63.4 million of general obligation refunding and improvement warrants it issued in 2006. more »
Many local governments are not benefiting from gambling tax revenues in what has become an oversaturated market, a panel of state officials and policy analysts said here on Wednesday. more »

Climate Bonds Initiative CEO Sean Kidney, in a spirited chat from London with northeast regional editor Paul Burton, charts the landscape for the U.S. municipal green bond issuance.

Here are some of the key "known unknowns" — factors that are likely to affect valuations and creditworthiness and functioning in the state and local finance sector — as the Trump Administration and Congress sort them out.

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