Arbitrage Restrictions Applicable to Tax-Exempt Bonds Issued by State and Local Governments
other · IRS · Rule · Published 2003-12-11 · Effective 2004-02-09 · 68 FR 69020
Document
Document number
03-30635
Federal Register citation
68 FR 69020
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2003-12-11
Effective date
2004-02-09
Treasury docket
TD 9097
Abstract
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.