U.S. Treasury Securities-State and Local Government Series
other · Fiscal Service · Rule · Published 2005-06-30 · Effective 2005-08-15 · 70 FR 37904
Document
Document number
05-12868
Federal Register citation
70 FR 37904
CFR reference
31 CFR 344
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Fiscal Service
Publication date
2005-06-30
Effective date
2005-08-15
Treasury docket
Department of the Treasury Circular, Public Debt Series No. 3-72
Abstract
The Department of the Treasury (Treasury) is issuing this final rule to revise the regulations governing State and Local Government Series (SLGS) securities. SLGS securities are non-marketable Treasury securities that are only available for purchase by issuers of tax-exempt securities. The changes in the final rule prohibit issuers of tax-exempt securities from engaging in certain practices that in effect use the SLGS program as a cost-free option. The final rule also makes other changes that are designed to improve the administration of the SLGS program.