Special volume cap for housing bonds provided by the Housing and Economic Recovery Act of 2008 expires on December 31, 2010.
This Hawkins Advisory serves as a reminder that, under current law, HERA Cap is set to expire on December 31, 2010. To date, there is no legislation being considered to extend this deadline. Without such legislation, bonds utilizing this HERA Cap must be issued (paid for and delivered or Treasury NIBP taxable bonds reissued as tax exempt) by the end of this year. Absent a successful housing industry undertaking to extend this deadline, there remains only approximately 6 months for the HERA Cap to be used.
Also of Interest
- Carol McCoog Assumes NABL President-Elect Position
Carol McCoog has been elected President-elect of the National Association of Bond Lawyers (NABL).
- Federal Legislation Moves SOFR Closer
This edition of the Hawkins Advisory discusses the recent federal legislation signed into law on March 15, 2022.
- New Private Activity Bond Provisions for Qualified Carbon Dioxide Capture Facilities
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
This edition of the Hawkins Advisory describes recently released final Treasury Regulations providing guidance in connection with the discontinued Interbank Offered Rates.