An American Bar Association panel recommended the Treasury Department and the Internal Revenue Service issue guidance defining issue price and providing safe harbors for determining private use of management contracts for bond-financed facilities as part of its 2013-2014 priority list.

In a July 8 letter to Mark Mazur, assistant secretary of tax policy at the Treasury Department, and William Wilkins, the IRS' chief counsel, the ABA's tax exempt financing committee listed eight recommendations for the agencies to consider. The recommendations on the committee's list are not new and have reappeared for several consecutive years.

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