Bond Industry Calls for Easing Of Transferred Proceeds Penalty

WASHINGTON - Bond industry officials are urging the Treasury Department and Congress to ease the transferred proceeds penalty for current refundings, saying this will allow state and local issuers to refund high-coupon tax-exempt bonds and at the same time bring in some revenues to the federal government.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.