WASHINGTON -- Several states told the Internal Revenue Service this week that they probably will not be able to do reimbursement bond financings under the rules proposed by the agency last April without spending millions of dollars and much effort to overhaul long-established bdgetary and debt practices.

In written comments submitted Monday to the IRS, the states complained that, while the proposed rules required issuers to account for and track bond reimbursements on a project-by-project basis, state budgets and accounting systems are focused more broadly on programs and purposes and do not get into the level of detail that would be required to comply with the rules.

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