Latest Publications

Share:

IRS Revenue Procedure 2020-44: Floating Rate Fallback Flexibility from the Feds

The IRS recently released Revenue Procedure 2020-44 (“Rev. Proc. 2020-44”) which provides helpful relief to taxpayers by providing that if a contract referencing an IBOR is modified to incorporate specific ISDA or AARC...more

Federal Reserve Announces Expansion of Eligible Issuers for MLF Program

On June 3, 2020, the Federal Reserve Board announced an expansion in the number and type of Eligible Issuers authorized to use the Municipal Lending Facility (MLF) program. Eligible Issuers now include “Designated Cities,”...more

6/17/2020  /  Bond Issuers , Federal Reserve , FRB

New York Federal Reserve Releases Municipal Liquidity Facility Application and Form Documents

On May 18, 2020 the New York Federal Reserve released additional information regarding the Municipal Liquidity Facility (MLF) program, including (i) a sample application to the MLF program and (ii) multiple form documents...more

COVID-19: IRS Aids State and Local Governments With Tax-Exempt Tender Bonds and Commercial Paper

State and local governments frequently finance capital projects such as airports and utility systems by issuing tax-exempt qualified tender bonds (also commonly called variable rate demand obligations or “lower-floaters”) and...more

Federal Reserve Board Expands the Scope and Duration of the Municipal Liquidity Facility

This alert updates and replaces an April 10, 2020, alert based on an April 27 Federal Reserve Board announcement that expanded the scope and duration of the Municipal Liquidity Facility (MLF). Any capitalized terms used in...more

5 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide