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
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This edition of the Hawkins Advisory discusses the recent federal legislation signed into law on March 15, 2022.
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A new category of tax-exempt private activity bonds was created as part of the Infrastructure Investment and Jobs Act, enacted in November 2021, to encourage private investment in carbon dioxide capture facilities.
- Final Treasury Reissuance Regulations Addressing Modifications of Debt Instruments to Replace IBORs
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- Hawkins Served as Counsel to Two Bond Buyer Deal of the Year Winning Transactions
Hawkins is proud to have served as special and lead outside counsel on two financings that were finalists for The Bond Buyer deal of the year award for 2021 and winners in their respective categories. This year’s deals reflect the substantial expertise of Hawkins’ transportation industry attorneys.