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Regulation in the Municipal Bond Industry: A Q&A With IRS and SEC  


Author:  Steven A. Chamberlin.; Stephen J. Weinstein.


Source: Volume 23, Number 01, Spring 2002 , pp.52-61(10)




Municipal Finance Journal

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Abstract: 

A Q&A session at the Public Finance and Budgeting Section of the Western Social Science Association Annual Conference, April 2001. Comments by Steven A. Chamberlin, Tax Exempt Bonds Outreach, Planning & Review, Internal Revenue Service (IRS), and Stephen J. Weinstein, Office of Municipal Securities, U.S. Securities and Exchange Commission (SEC) were prepared in response to six questions posed by Mark D. Robbins and Bill Simonsen of the Public Finance Project, University of Connecticut: What are the most important concerns issuers face today when complying with federal tax and securities laws? How does the contemporary code of federal statutes apply to state and local government issuers? What are the responsibilities of municipal bond issuers and how can they ensure their compliance? What guidance does your agency provide to the tax-exempt bond community? Are there outreach or educational programs available? What is the purpose of the Voluntary Closing Agreement Program and how does it work?

Keywords: 

Affiliations:  1: Internal Revenue Service; 2: U.S. Securities and Exchange Commission.

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