Tax-exempt bonds are an excellent way for municipalities, such as schools, cities, or counties to pay for projects. These projects, or capital expenditures, may be buildings or other new construction, or even renovations to existing structures. When the municipality issues these bonds — called municipal bonds — the bonds’ tax-exempt status makes them attractive to …
Yield Restriction Liability As we enter the waning days of 2023, it’s important to take some time to reflect on what we’ve accomplished. And for some issuers of tax-exempt bonds, on what we still have to accomplish. You see, as 2023 comes to a close, so too does the three-year temporary period for construction bonds …