Current Refundings for Targeted Bond Programs including Tribal Economic Development Bonds
Internal Revenue Service (IRS) sent this bulletin at 05/23/2019 07:43 AM EDT
 |
|||
|
|||
TEB LinksOther IRS Resources |
Notice 2019-39 clarifies the rules that apply to current refundings for targeted bond programs, including Tribal Economic Development Bonds (TEDBs). This notice is in response to requests for clarification on whether bonds for certain targeted bond programs may be refinanced without applying for a new allocation of volume cap.
It provides guidance on refinancings of TEDBs and targeted bonds for disaster relief bond programs, generally eliminating the need to provide guidance on a program-by-program basis.
This notice applies to all current refunding issues that are issued on or after May 22, 2019. Issuers may also apply this notice to current refunding issues that are issued before May 22, 2019. The tax-exempt bond community can find answers to many questions at IRS.gov/bonds. If you’re unable to find answers to account-specific questions, call Customer Account Services at 877-829-5500. If you know someone who wants to subscribe to the TEB Community Update, forward this message to them to subscribe. This message was distributed automatically from the mailing list TEB Community Update. Please do not reply to this message. |