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Tax Exempt Bonds - Phase II (Advanced) Student Text

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Advanced Bond Yield Computation
A discussion of the computation of bond yield when special circumstances are present.

Yield and Valuation of Investments
Discusses yield restriction requirements, computation of yield on investments and valuation of investments.

Allocation and Accounting Rules
An introduction to the allocation of bonds to a bond issue, bond proceeds to a bond issue and the allocation of proceeds of an issue, expenditures and investment allocations, and a history of the applicable regulations.

Reimbursements
A discussion of the federal tax laws applicable to reimbursement allocations made from tax-exempt bond proceeds. Explains how to identify reimbursement allocations and apply the appropriate regulations.

Refundings
A more detailed discussion of advance refundings, including the general prohibitions and limitations as well as a discussion of applicable arbitrage rules.

Page Last Reviewed or Updated: 03-Jun-2014