Tax Exempt Financing

Mr. Arkuss

Why state and local government entities borrow money and what they can and cannot do with the money. Exploration of the mysteries of eleven Code provisions any myriad regulations governing the simple act of municipal borrowing and probe the depths of the arcane rules relating to arbitrage. Topics include the private activity bond rules, housing bonds, exempt activity bonds, and small issue bonds. At the end of the course we will be able to understand why the classroom in which the course is taught is very likely to have been financed with a tax-exempt bond.