The Government Finance Officers Association is urging the Internal Revenue Service to both pay interest on any arbitrage overpayments made by bond issuers and return the overpaid amounts more quickly.

The GFOA debt committee plans to discuss the issue at its winter meeting here Thursday, and also detailed its concerns in a Dec. 20 comment letter sent to the IRS by Susan Gaffney, director of GFOA’s federal liaison center.

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.