Naomi Jagoda

The Internal Revenue Service's tax-exempt bond office is modifying its market-segment approach to audits, the office's director, Rebecca Harrigal, said.

Partnerships between governmental or nonprofit entities and private entities should be treated favorably under private-activity bond and 501(c)(3) bond rules, the National Association of Bond Lawyers argued.

National Association of Bond Lawyers members elected the groups' officers for 2014-2015 on Wednesday during NABL's annual meeting.

The Village Center Community Development District in Florida, whose status as a political subdivision that can issue tax-exempt bonds has been disputed, is planning to price three issues of taxable refunding bonds next week.

Industrial production inched down 0.1% in August, the Federal Reserve reported Monday.

The Bond Dealers of America has hired two new people and promoted a current employee to boost its advocacy efforts.

The chairman of the House Appropriations Committee has introduced legislation that would continue funding government programs and services until Dec. 11, preventing a federal government shutdown before the midterm elections.

The National Association of State Treasurers' priorities include maintaining the tax- exempt status of municipal bonds, preventing local government investment pools from being hurt by money market mutual fund reforms, and helping to develop criteria under which munis could be considered high-quality liquid assets, said its incoming president, David Lillard, Tennessee' treasurer.

Consumer credit increased by $26 billion, or 9.7%, in July to $3.238 trillion, the Federal Reserve reported Monday.

The Treasury Department's 2014-2015 priority guidance plan includes new projects to both update guidance on management contracts that impact private-activity bonds, and ensure PAB rules don't conflict with a new type of arrangement promoted by President Obama's health care reform law.

An issuer of tax-exempt bonds and Build America Bonds can reallocate its proceeds, the Internal Revenue Service ruled.

The Internal Revenue Service is auditing bonds issued in 2011 for a charter school operator in Chicago that settled securities fraud charges with the Securities and Exchange Commission in June.

Virginia is expected to have a nearly $2.4 billion revenue shortfall from fiscal 2014 to 2016, the commonwealth's governor, Terry McAuliffe, said Friday.

Industrial production rose 0.4% in July, the Federal Reserve reported Friday.

The Fannin County Public Facility Corp. in Texas has settled tax law violations with the Internal Revenue Service by agreeing to pay $1.75 million and redeem all of the outstanding bonds from the $30.78 million it issued in 2008 to finance a jail.

The National Association of Bond Lawyers released a paper Tuesday to help educate bond lawyers and other market participants about general obligation bonds in the wake of the Detroit and Jefferson County, Ala. bankruptcy filings.

The federal government ran a $94.6 billion budget deficit in July, the Treasury reported Tuesday.

Susan Collet, who until recently worked at the Bond Dealers of America, is launching her own government-relations advisory firm focused on municipal securities, tax policy and not-for-profit electric utilities.

The Internal Revenue Service's tax-exempt bond office has had several key personnel changes in recent weeks.

The Internal Revenue Service has told the Philadelphia Authority for Industrial Development that it is auditing bonds the authority issued in 2005 for a charter school project in Philadelphia “because of information we received from external sources or developed internally that causes a concern” that there are tax-law violations.