Client AlertsCommercial FinanceIRS Issues New Regulations Governing TEFRA Approvals of Tax-Exempt Private Activity Bonds
By Eugene G. Bernardo II or David M. DiSegna On December 31, 2018, the IRS issued new regulations governing public approval requirements for tax-exempt private activity bonds under 26 U.S.C. § 147(f), which were originally enacted as part of the Tax Equity and Fiscal Responsibility Act of 1982, or TEFRA. The regulations make several significant changes to...

