WASHINGTON -- Treasury Department and Internal Revenue Service staff members plan to press high-level agency officials soon for a decision whether the Supreme Court's recent Cottage Savings decision creates a new standard for municipal bond reissuance.

"There are a number of issues concerning reissuance pending that we would like to resolve in the near future," said David A. Walton, Treasury's attorney-adviser for tax-exempt bonds. "But before we can proceed, the effect of Cottage Savings must be addressed by upper level IRS and Treasury officials. We hope to discuss these issues with them soon," he said.

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