Regulations Governing United States Treasury Certificates of Indebtedness, Treasury Notes, and Treasury BondsState and Local Government Series
tax-irs · Fiscal Service · Rule · Published 1996-10-28 · Effective 1996-10-28 · 61 FR 55690
Document
Document number
96-27365
Federal Register citation
61 FR 55690
CFR reference
31 CFR 344
Type
Rule
Action
Final rule.
Category
tax-irs
Sub-agency
Fiscal Service
Publication date
1996-10-28
Effective date
1996-10-28
Treasury docket
Department of the Treasury Circular, Public Debt Series No. 3-72
Abstract
The Department of the Treasury hereby publishes a final rule governing United States Treasury Certificates of Indebtedness, Notes, and Bonds of the State and Local Government Series (SLGS). These securities are available for purchase by issuers of state and local government bonds described in Section 103 of the Internal Revenue Code for proceeds (or amounts treated as proceeds) which are subject to yield restrictions or arbitrage rebate requirements of the Income Tax regulations under sections 103, 148, 149 and 150 of the Internal Revenue Code (tax regulations). This final rule makes the SLGS securities program more flexible in a manner consistent with tax policy objectives.