WASHINGTON — Sens. Chuck Schumer, D-N.Y., and Robert Menendez, D-N.J., introduced legislation Monday that includes  three helpful municipal bond provisions for issuers hit by Hurricane Sandy and in other federally declared disaster areas in 2012.

The legislation would relax mortgage revenue bond rules, allow issuance of Sandy bonds, and permit certain issuers an extra advance refunding. It is designed to “reduce the tax burden on those financially impacted by Superstorm Sandy,” according to a joint release.

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