The Internal Revenue Services tax-exempt bond branch will have to remain watchful that bond programs authorized by the American Recovery and Reinvestment Act are not used beyond their legal limits, according to a report released yesterday by the Treasury Departments Inspector General for Tax Administration.
TEB Urged to Watch ARRA Limits
Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
the bond buyer conferences
September 25-27, 2013JW Marriott LA Live, Los Angeles, CA
October 27-29, 2013Crowne Plaza Times Square Manhattan, New York, NY