During this webinar, Daniel Kozloff with PFM, Jeffrey Pearsall with PFM, and Jay Bartlett with Citigroup Global Markets Inc. featured the pros and cons and the questions that remained twelve months into the new tax law.

This IRS Publication 4078, Tax-Exempt Private Activity Bonds, provides a revised overview of the general federal tax law rules that apply to qualified private activity bonds.

This publication is a basic guide to the yield restriction and rebate requirements from the IRS. Understanding the arbitrage requirements can help issuers and conduit borrowers comply with their obligations and prevent violations of the arbitrage...

This lesson from the IRS reviews the elements of the different derivative and hedge products used in the municipal market. Derivative structures often involve credit enhancement in various forms. This lesson also reviews the requirements and...

El Paso County this month completed a $50 million bond sale with an option redemption enhancement, the first such transaction in the Lone Star State. Ramirez & Co., which introduced the feature in January, says the option redemption enhancement, or...

During this CDFA // BNY Mellon Development Finance Webcast presentation, panelists Matthias Edrich of Kutak Rock and John Vahey of Bond Dealers of America share insight on the new proposal from the IRS on Issue Price for tax-exempt bonds.

During this CDFA // BNY Mellon Development Finance Webcast, panelists Matthias Edrich of Kutak Rock and John Vahey of Bond Dealers of America share insight on the new proposal from the IRS affecting Issue Price for tax-exempt bonds.

Michael Cullers from Squire Patton Boggs writes on arbitrage and how an issuer might be able to derive some benefit from current negative arbitrage by foregoing otherwise available exceptions to yield restriction.

Diane Quan of Hawkins, Delafield & Wood LLP covers the duties of bond counsel in bond deal structures.

Ben Barker of the California Municipal Finance Authority describes the many rules governing the issuance of tax-exempt bonds including the private business use test, use of proceeds, TEFRA hearings, compliance issues, and more.

Bond Buyer released their annual review of the municipal bond market, highlighting major trends and activities across the industry. Highlights include: refunding decline, insurance, state revenue outlooks and more.

Sidley Austin produced this excellent primer for entities interested in accessing the U.S. capital markets. This resource provides an overview of securities regulations and laws, the offering process, compliance obligations, exempt offerings, a...

BNY Mellon presents on IRS arbitrage rules, yield restriction, samples, rebate rules, exceptions, and enforcement.

Council of Infrastructure Financing Authorities Analysis of State Bond Banks prepared by Government Finance Group broadly explains bond banks, components, and strategies.

The IRS Office of Tax Exempt Bonds provided this presentation on arbitrage yield restrictions and rebate compliance. Topics include an arbitrage overview, filing requirements, and the rebate claims process.

This presentation by the Vermont Private Activity Bond Advisory Committee reviews the use of private activity bonds and the state's volume cap allocation.

This presentation by James L. Held of the Internal Revenue Service (IRS) presents an overview of potential compliance issues related to tax-exempt bonds and the programs offered by the IRS to assist with self or voluntary correction.

The CDFA Bond Finance Resource Center is a one-stop hub for all of the resources, reports, headlines, and projects that CDFA collects and publishes related to bond finance. Find links to resource tags, market reports, original research, upcoming...

The Advanced Bond Finance Reference Guide is written for professionals who already have an understanding of tax-exempt financing and seek detailed instruction on complex financing techniques, including the application of financial derivatives,...

This Congressional Budget Office report examines indirect arbitrage by colleges and universities utilizing tax-exempt bond financing. The report was requested by Senator Charles Grassley (IA) to examine if colleges and universities are taking...

This presentation given by Brian Helming from Pinnacle Arbitrage Compliance LLC examines the issue of arbitrage. It includes an explanation of how to calculate the rebate amount and other technical aspects of arbitrage transactions. The presentation...

This article explores the world of arbitrage and rebate. Arbitrage and rebate violations in various forms account for a very large percentage of issues audited by the IRS and, in turn, found to have violations. Learn the basics of arbitrage and...

This resource is a Olivia Shay-Bryne presentation about high yield investments. She defines arbitrage and rebates, and outlines the key terms of high yield investments. It includes case studies of recent 501(c)(3) deals.

Mark Scott, Partner with the law firm of Vinson & Elkins provides a Municipal Bond Enforcement Update – Requesting a Refund of Arbitrage Rebate from the IRS. Mr. Scott is the former head of Tax Exempt Bonds at the IRS. This article has been written...