Sometimes the first step to solving (or mitigating or avoiding) problems is to identify what the problem may be to, among other things, put time on one’s side.
For issuers of tax-exempt municipal bonds, there tend to be...more
9/1/2023
/ Aggregation Rules ,
Arbitrage ,
Bond Financing ,
Debt ,
Internal Revenue Code (IRC) ,
Municipal Bonds ,
Municipal Securities Issuers ,
Reimbursements ,
Safe Harbors ,
Tax Exemptions ,
Termination Payments
Although not intended to be classics of literature, we have found tales of two municipalities and their Chapter 9 bankruptcies. One was warm and prosperous and on the West Coast, whose housewives we have followed in the age...more