WASHINGTON -- Most of the technical corrections to the arbitrage rebate rules issued by the Internal Revenue Service last week are effective for bonds sold after June 6, a Treasury official said Friday.

Most of the corrections were issued in temporary and proposed from which means the June 6 date applies to them, said Mitchell Rapaport, the Treasury's attorney-advisor for tax-exempt bonds. The rules are also subject to public comment and possible revision, with comments due July 11, Rapaport said at a bond lawyers meeting.

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