WASHINGTON - More than a year after the auction-rate securities market collapsed, some $78 billion of illiquid municipal ARS remain outstanding, but a growing number of bond attorneys are pushing to use a new type of taxable bond program recently authorized by Congress to refund some of those securities.

The bond attorneys plan to prod Treasury Department and Internal Revenue Service officials expected to speak at the National Association of Bond Lawyers' Tax and Securities Law Institute in Orlando tomorrow and Friday to provide guidance that will allow them to use the Build America bonds that were authorized by the economic stimulus bill for ARS refundings.

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