The IRS has told the city of Bell, Calif., that $35 million of general obligation bonds it issued in 2007 may not be tax-exempt because the agency believes the bond issue is a hedge bond.
A recent research paper suggests widespread violations of MSRB fair pricing rules are rampant in the municipal market. But scratching just below the surface reveals serious flaws in the methodology and assumptions underlying the authors' conclusions.
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