A representative of a government accountability group yesterday warned that the Internal Revenue Service's proposed public approval requirements for private-activity bond-financed projects are "corrosive of democracy, transparency, and accountability," but three other groups said they support the proposals with minor modifications.

At an IRS public hearing on the proposed rules, Greg LeRoy, executive director of Good Jobs First in New York City, who testified on behalf of several community and labor groups, strongly criticized the IRS' attempts to ease requirements for public hearings required under the Tax Equity and Fiscal Responsibility Act of 1982. Instead, he called for the agency to tighten the requirements for issuers to obtain the public's approval for private-activity bond-financed projects.

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