• Sequestration to Cause CREB Payments to Be Reduced by 8.7%
  • March 8, 2013
  • Law Firm: Sutherland Asbill Brennan LLP - Washington Office
  • The Office of Management and Budget has issued its Report to the Congress on the budget sequestration for federal fiscal year 2013 required by the Balanced Budget and Emergency Deficit Control Act of 1985, as amended by the Budget Control Act of 2011. Interest subsidy payments for New Clean Renewable Energy Bonds (New CREBs) are among the federal programs impacted by sequestration.