WASHINGTON -- The Treasury and Internal Revenue Service have no plans to postpone either the Aug. 8 public hearing or the Sept. 8 effective date for their proposed reimbursement rules, despite requests to do so by some state and local issuers, officials at both agencies said this week.

The Government Finance Officers Association asked the two agencies last week to postpone both the hearing and effective date of the rules, which were proposed last April to discouraage issuers of governmental and 501(c)(3) bonds from using bond reimbursements to skirt arbitrage restrictions.

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