New Regulations for SLGS
Introduction. On June 30, 2005, Treasury published final regulations under 31 C.F.R. Part 344 (70 FR 37904 June 30, 2005) regarding U.S. Treasury obligations of the State and Local Government Series (“SLGS”), which went into effect on August 15, 2005. Treasury created the SLGS program to assist issuers of tax-exempt bonds in complying with applicable arbitrage investment restrictions through investments of bond proceeds in tailored SLGS at restricted yields. SLGS are used primarily in refunding escrows for advance refundings of prior tax-exempt bonds. Other articles deal with public housing and hospital financing.
Also of Interest
- Hawkins Attorneys Featured at Bond Attorneys’ Workshop
Four Hawkins attorneys will serve on panels at the National Association of Bond Lawyers 43rd annual Bond Attorneys’ Workshop which will be held September 26-28, 2018 in Chicago.
- Qualified Opportunity Zones
This Hawkins Advisory issue describes the Qualified Opportunity Zones - IRC Sections 1400Z-1 and 1400Z-2.
- 2018 Area Median Gross Income Figures
This issue of the Hawkins Advisory contains information of specific interest to single-family housing bond issuers regarding area median gross income figures.
- Rev. Proc. 2018-26: Supplemental Remedial Action Rules for Tax Advantaged Bonds
This issue of the Hawkins Advisory describes remedial action provisions set forth in Rev. Proc. 2018-26.