# Obligations of States and Political Subdivisions
> **IRS** · Final and temporary regulations. · Published 1998-01-22 · Effective 1998-01-22 · 63 FR 3256
## Document
- **Document number:** 98-716
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 63 FR 3256
- **CFR reference:** 26 CFR 1
- **Publication date:** 1998-01-22
- **Effective date:** 1998-01-22
- **Treasury docket:** TD 8757
## Abstract

This document contains final and temporary regulations that provide guidance to state and local governments that issue bonds for output facilities. This document also contains temporary regulations that provide guidance to certain nongovernmental persons that are engaged in the local furnishing of electric energy or gas using facilities financed with state or local government bonds. These temporary regulations reflect changes made by the Tax Reform Act of 1986 and the Small Business Job Protection Act of 1996. The temporary regulations will affect State and local government issuers of obligations and nongovernmental persons engaged in the local furnishing of electric energy or gas after the effective date of these regulations. The text of these temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/01/22/98-716/obligations-of-states-and-political-subdivisions)
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