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
- SEC Staff Guidance Regarding Secondary Market Disclosure
This Advisory provides a summary and analysis of the recent Staff Legal Bulletin from the SEC’s Office of Municipal Securities.
- Revised IRS Form 8038-CP
The Internal Revenue Service released a revised version of Form 8038-CP (Return for Credit Payments to Issuers of Qualified Bonds) dated January 2020.
- Hawkins Attorneys to co-chair and moderate The Bond Buyer’s National Outlook 2020 Conference
Howard Zucker will be co-chairing the Bond Buyer's 2020 National Outlook Conference. This annual event brings together specialists and professionals from every corner of the public finance industry.
- Hawkins Bond Counsel for the 2019 Northeast Deal of the Year
On December 4, 2019, the 18th Edition of the Bond Buyer Deal of the Year awards recognized New York's Battery Park City Authority 2019 financings with the northeast regional Deal of the Year award. Hawkins served as bond counsel for the Authority in connection with its $673 million multi-series transaction.