Comments have been submitted to the MSRB Notice 2018-03 regarding Request for Input on Draft Frequently Asked Questions Regarding Rule G-42 and the Making of Recommendations. Please find submitted comments here. ​

By Christie Martin and Len Weiser-VaronOn April 11, 2018, the IRS released Revenue Procedure 2018-26. This alert examines the Revenue Procedure and its provisions, which include the expansion of remedial action options in connection with certain post-issuance leases to private parties of facilities financed with tax-exempt bonds. Whereas previously the bond issue(s) that financed the leased facility would have to be redeemed or defeased to preserve the tax-exemption of the applicable bonds, the new remedial action option permits the bonds to remain outstanding if the present value of the lease payments is applied to other bondable expenses. The new Revenue Procedure also introduces remedial action for certain types of tax credit bonds and direct pay bonds that did not previously have access to remedial action options.
» Read the full alert …<https://www.mintz.com/legal-insights/alerts/articletype/articleview/articleid/4404>