• Arbitrage and Rebate Compliance for School Bond Issues
  • May 8, 2003
  • Law Firm: Orrick, Herrington & Sutcliffe LLP - San Francisco Office
  • This bulletin clarifies certain requirements of the Internal Revenue Code and Treasury Regulations governing how quickly tax-exempt bond proceeds must be spent. It is intended to assist a school district in planning when to issue bonds and how much to issue, and to highlight certain ongoing legal obligations for monitoring earnings, paying rebates, or taking other necessary actions.