ABCs of Arbitrage: Tax Rules for Investment of Bond Proceeds by MunicipalitiesUrban, State, and Local Government Law Section, American Bar Association, 1990 - Business & Economics - 336 pages |
Contents
Introduction | 1 |
Common Forms of Investment | 10 |
Variable Yield Issues Option to Elect Annual Yield Periods | 17 |
Copyright | |
11 other sections not shown
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Common terms and phrases
accrued interest acquired obligations allocated apply arbitrage bond bona fide debt bond proceeds bonds issued compounding interval date of issue debt service fund determined early retirement value Example excess proceeds fide debt service final computation date final maturity date financing fixed rate bonds fixed yield bond fixed yield issue governmental obligations gross proceeds installment computation date interest rate Internal Revenue Code Internal Revenue Service investment proceeds issuance issue payments issuer June 14 letter of credit ment million mortgage nonpurpose investments nonpurpose obligations original proceeds outstanding paid portion present value prior issue purpose investment reasonably required reserve rebatable arbitrage refunding bonds refunding issue replacement fund reserve fund reserve or replacement retirement price Revenue Ruling section 148 series B issue sinking fund SLGs special rules subparagraph taken into account tax-exempt bonds temporary period tender bond tion transferred proceeds transition rule treated variable yield bond variable yield issue yield period yield restrictions