Just in time for the weekend, the Government Finance Officers Association (GFOA) and the National Association of Bond Lawyers (NABL) have each issued guidance for the development of post-issuance compliance procedures. These procedures, which have long been encouraged by the IRS, are intended to facilitate compliance with the tax requirements applicable to tax-advantaged bonds after their issuance. The organizations cooperated in the drafting of the two documents, although they published separate documents for their different audiences – the GFOA document is designed primarily for issuers and the NABL document is designed for lawyers. You can access the GFOA document here (link, pdf), and you can access the NABL document here (link, pdf).
Home » GFOA, NABL Release Post-Issuance Compliance Guidance