CHICAGO - Treasury Department and Internal Revenue Service officials said Friday that they plan to quickly finalize recently proposed regulations on the public approval requirements for private-activity bonds, so that issuers can take advantage of the new rules.

John J. Cross 3d, tax legislative counsel for the Treasury office of tax policy, said on a panel that in order to allow issuers to use the new rules, which would update, streamline, and simplify the current 25-year old rules, the department will try to finalize them as soon as possible.

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