January 31, 2019

Tax-Exempt Bonds: General Tax Considerations for Tax-Exempt Financing of Utility Facilities


State and local governments, including municipal utilities and public utility districts, often turn to tax-exempt bonds as a means of financing infrastructure such as water, wastewater, stormwater, solid waste, electric and natural gas enterprise systems. Tax-exempt bonds can be a low cost financing tool for capital projects, but issuers must be prepared to comply with the various requirements with respect to the investment and use of proceeds, as well as the use of the bond-financed facilities.

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