The Treasury Department and the Internal Revenue Service during the next year should produce final guidance on qualified hedges and a final definition of "solid-waste disposal facilities," among other municipal bond-related projects, the National Association of Bond Lawyers urged in a recent letter to the agencies.

The letter, which was not publicly released until late Friday, included a list of recommended projects the government should include on its 2008-2009 guidance priority list. The Treasury last April had released a tentative list of the projects it considered to be priorities for the period from July 1, 2008, to June 30, 2009, and then asked market participants to comment on its list.

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