Arbitrage Restrictions Applicable to Tax-Exempt Bonds Issued by State and Local Governments
Federal Register, December 11, 2003, Page 69020
Internal Revenue Service (IRS), Treasury
This document contains final regulations on the arbitrage restrictions applicable to tax-exempt bonds issued by state and local governments. The regulations affect issuers of tax-exempt bonds and provide a safe harbor for qualified administrative costs for broker's commissions and similar fees incurred in connection with the acquisition of guaranteed investment contracts or investments purchased for a yield restricted defeasance escrow.
Effective Date: These regulations are effective February 9, 2004. Applicability Date: For dates of applicability, see Sec. 1.148-11(i) of these regulations.
Rose M. Weber, (202) 622-3980 (not a toll-free number).