Rule changes proposed by the Internal Revenue Service that would ease public approval requirements for projects financed with private-activity bonds could leave local governments out of the loop, the National Association of Counties warned in a recent letter sent to the agency.

The proposed regulations "preempt the local decision-making process and do not ensure that the most directly affected public constituencies will receive reasonable public notice and an opportunity for a public hearing," NACo told the IRS in a comment letter on the proposals.

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