Just in time for the weekend, the Government Finance Officers Association (GFOA) and the National Association of Bond Lawyers (NABL) have each issued guidance for the development of post-issuance compliance procedures. These procedures, which have long been encouraged by the IRS, are intended to facilitate compliance with the tax requirements applicable to tax-advantaged bonds after their issuance. The organizations cooperated in the drafting of the two documents, although they published separate documents for their different audiences – the GFOA document is designed primarily for issuers and the NABL document is designed for lawyers.
Government Finance Officers Association, National Association of Bond Lawyers Release Post-Issuance Compliance Guidance
Friday, September 9, 2016
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