Treasury Department Extends NIBP Deadline
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Wednesday, September 1, 2010 |
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ReprintsWASHINGTON – The Treasury Department announced today several changes to its new issue bond purchase program for housing finance agencies, most notably that it is pushing back by one year through 2011 a deadline for converting short-term taxable bonds to long-term, tax-exempt, fixed-rate bonds.
Several local HFAs had warned Treasury officials that they would have difficulty meeting the previous deadline at the end of this year.
