WASHINGTON - Rep. Bob Etheridge, D-N.C., today will urge Treasury Secretary Timothy Geithner to quickly issue guidance on qualified school construction bonds, specifically how to strip and sell the bonds' tax credit in the secondary market.

Geithner will be meeting with Etheridge, a House Ways and Means Committee member, and other lawmakers during a visit to Congress today. Lawmakers hope the Treasury will act soon to ensure a secondary market for QSCBs develops in time for school districts to issue $11 billion of these bonds before the funds revert back to the states on Dec. 31.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.