# U.S. Treasury Securities-State and Local Government Series
> **Fiscal Service** · Final rule. · Published 2005-06-30 · Effective 2005-08-15 · 70 FR 37904
## Document
- **Document number:** 05-12868
- **Category:** other
- **Sub-agency:** Fiscal Service
- **Federal Register citation:** 70 FR 37904
- **CFR reference:** 31 CFR 344
- **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.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2005/06/30/05-12868/us-treasury-securities-state-and-local-government-series)
---
*AI Analytics · CC0 1.0*