IRS

The two series are $355,730,000 Power Revenue Bonds, Series EEE, and $320,175,000 Power Revenue Bonds, Series YY.

The bond lawyer group's No. 1 suggestion is to loosen the rules governing state and local government borrowing for working capital.

PABs represented 25.4% of all tax-exempt bonds issued in 2017, up from 21.5% in 2016.

The IRS also announced temporary guidance providing relief for the calendar year 2020 regarding the reacquisition of qualified tender bonds and commercial paper.

The current IRS fee charged to most governmental entities for private letter rulings is $30,000.

The IRS has informally responded to a letter from NABL asking for a reduction in the high fee it charged for private letter rulings.

The audit involved four CUSIPs for $53.995 million in bonds issued in 2009.

The Institute on Taxation and Economic Policy in Washington as well as Americans United for Separation of Church and State are objecting to that aspect of the proposed IRS regulation.

Members of GFOA’s Debt Committee agreed Monday to form a working committee that will publicize the issues involved in the transition among the organization’s more than 21,000 members.

The proceeds of the bonds were used for the construction of a 232,100 square foot residential facility with 108 living units located on the main campus of an existing facility in Dallas known as The Overlook.