During this time, the U.S. Department of the Treasury, the IRS, and the SEC have been issuing public statements and guidance on a range of topics affecting municipal bond market participants, including statements on disclosure and the temporary guidance regarding the public approval requirement under Sec. 147(f) of the IRC.
The National Association of Bond Lawyers ad hoc task force on Covid-19 submitted a number of proposals to Treasury and the IRS on these important matters. If you wish to know more, you can read their letter here.
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