Finanzas y mercados · 12/6/20181 min de lectura
Arbitrage Investment Restrictions on Tax-Exempt Bonds
Traducción automática local · Idioma original de la fuente
Resumen
This document contains proposed regulations regarding the arbitrage investment restrictions under section 148 of the Internal Revenue Code (Code) applicable to tax-exempt bonds and other tax- advantaged bonds issued by State and local governments. The proposed regulations would clarify existing regulations regarding the definition of "investment-type property" covered by arbitrage restrictions by expressly providing an exception for investments in capital projects that are used in furtherance of the public purposes of the bonds. The proposed regulations affect State and local governmental issuers of these bonds and potential investors in capital projects financed with these bonds.