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Jennifer DePaul

Recent Stories From this Author

Rebecca Harrigal to Become IRS' First Female Director of Tax-Exempt Bond Office
August 30, 2013 Rebecca Harrigal is set to become the first female director of the Internal Revenue Service's tax-exempt bond office in...

Tenn. Has Highest State and Local Sales Tax with 9.44%
August 28, 2013 Tennessee has the highest combined state and local rate of 9.44%, a Tax Foundation study said Wednesday.

Federal Government to Hit Debt Limit in Mid-October
August 26, 2013 The federal government will exhaust all of itís borrowing authority in mid-October and unlikely to pay all of its bills with...

Pension Costs Burden Local Government Budgets
August 26, 2013 Despite improving local revenue growth, severe budget challenges persist at the local level, namely the unsustainable nature...

IRS Auditing $196.94M of LA Bonds
August 23, 2013 The Internal Revenue Service is auditing $196.94 million of revenue refunding bonds issued by East Baton Rouge, La., sewage...

U.S. Virgin Islands to Pay IRS $13.6M in Settlement
August 22, 2013 The Virgin Islands Public Finance Authority will pay the Internal Revenue Service $13.6 million to settle a tax dispute over...

Public Pension Systemsí Investment Earnings Exceed Pre-Recession Peak for First Time
August 22, 2013 Public pension systems showed positive earnings on investments for the second consecutive year in 2011 and exceeded...

APPA Asks Congress to Rethink Limits on New CREBs
August 20, 2013 The American Public Power Association is urging lawmakers to reconsider limits placed on new clean renewable energy bonds and...

S&P: Tax-Exemption Threats Pose Credit Risks
August 19, 2013 Municipal issuers could experience a significant jump in borrowing costs and reduced access to the market if congressional and...

IRS Sends Updated Notice of Proposed Issue to Fla. Village CDD
August 16, 2013 The Internal Revenue Service sent an updated Form 5701 Notice of Proposed Issue to Florida's Village Center Community...

Texas Issuer May Pay IRS to Settle Dispute Over Jail Bonds
August 16, 2013 Six months after Zapata County, Texas received notification from the Internal Revenue Service, that $9.97 million of their...

IRS Examining $69.83M of Colorado Bonds
August 15, 2013 The Internal Revenue Service is auditing $69.83 million of sales tax revenue refunding bonds issued by the Regional...

NCSL: States Anticipate Slowdown in 2014 Revenues
August 14, 2013 State revenues jumped 5.3% in 2013, but officials are worried that a slowdown next year is imminent, a National Conference of...

Moody's Wants to Weigh Debt, Pensions More for Local GOs
August 14, 2013 Moody's Investors Service is considering changing how it rates local government general obligation bonds to increase the...

More Midwestern Issuers May Redeem BABs
August 13, 2013 Nearly a dozen Midwestern issuers have announced they can redeem their direct-pay municipal bonds because extraordinary...

Treasury, IRS Add Definition of Political Subdivision to Priority List
August 12, 2013 Regulatory priorities for the IRS and Treasury this year and next include proposing guidance on the definition of a political...

IRS to Update IRM with Written Post-Issuance Compliance Procedures
August 8, 2013 The Internal Revenue Service's tax-exempt bond office will update it's Internal Revenue Manual late this fall with a section...

IRS Auditing NH Issuer Who Withdrew from VCAP
August 7, 2013 Soon after a New Hampshire authority became the first issuer to withdraw from the Internal Revenue Service's voluntary closing...

NLC Arms Issuers with Tools to Defend Muni Bonds
August 7, 2013 The National League of Cities is helping arm issuers with informational materials about proposals to eliminate or limit the...

Treasury Agrees with Rep. McDermott on Need to Update Safe Harbor Rules
August 7, 2013 The Treasury Department agrees with Rep. Jim McDermott, D-Wash., that 16-year-old safe harbor provisions for tax-exempt health...

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Brian Fraser, co-chair of the litigation department at Richards Kibbe & Orbe LLP, examines the challenges of distinguishing a loan from a bond and a loan from a security, in a chat with Bond Buyer northeast regional editor Paul Burton.

Worst case, to-maturity debt service calculations that ignore the issuer's optional redemption feature lead to flatly wrong calculations for critical items like expected capital cost, refunding savings, and simple, basic principal and interest payments.

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