1. Arbitrage Rebate Compliance
Arbitrage Rebate Compliance The New Jersey Environmental Infrastructure Trust assumes responsibility of complying with federal arbitrage requirements for each borrower in the financing program. What is arbitrage? Arbitrage, in the context of municipal ... rate, on the bond proceeds. In general, any arbitrage earned on the investment of tax-exempt bond proceeds must be rebated or remitted to the IRS. The Trust examines arbitrage compliance issues during the early structuring of each bond issue, permitting the Trust to take advantage of rebate exceptions that could allow for the retention of a...
- Word Count: 344
- Approx Pages: 1
- Grade Level: Undergraduate