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CPE for FY 2002

Listed below is a series of articles of interest to the tax-exempt bond community published in August 2001 as the Tax Exempt Bonds Continuing Professional Education (CPE) Technical Instruction Program for Fiscal Year 2002. These materials were designed specifically for training purposes only. Under no circumstances should the contents of these articles be used or cited as authority for setting or sustaining a technical position.

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PART I - New Technical Topics

Tax Exempt Bonds Correspondence Examination: Timely Use of Proceeds - Arbitrage Compliance Initiative
A discussion of the findings of the arbitrage compliance initiative, re: timely use of proceeds.

An Historical Perspective of Small Issue Bonds
An historical perspective focusing on the major legislative acts that affected small issue bonds, this topic describes activities that occurred in the bond market and how the market influenced reaction by Congress, the Department of Treasury and the Internal Revenue Service.

Tax Exempt Bonds Compliance Initiative: Small Issue Bonds
A discussion of the findings of the small issue bond examination compliance initiative.

PART II - Reprinted Technical Topics

Pooled Financings (2000)
A discussion of rules concerning tax-exempt pooled financing bonds.

Allocation and Accounting Regulations for Arbitrage Bonds (1999)
An overview of the allocation and accounting regulations under the arbitrage provisions for tax-exempt bonds.

Identifying Abusive Transactions Involving Section 501(c)(3) Organizations
and Tax-Exempt Bonds
A review and update of efforts to identify potentially abusive transactions involving the use of IRC 501(c)(3) organizations and tax-exempt bonds.

Tax-Exempt Advance Refunding Bonds - Some Basics (1997)
A discussion of how to analyze an advance refunding, a type of tax-exempt bond refinancing transaction.

Understanding Bond Documents (1996)
A review of the documents that typically appear in most types of municipal financings.

Application of the Arbitrage Restrictions: An Example (1996)
A practical application of the arbitrage restrictions, this example illustrates how to perform an arbitrage analysis under section 148 of a municipal financing transaction.

The First Book of Arbitrage - Overview (1994)
This discussion provides a fundamental understanding of the many aspects of the arbitrage and rebate rules, including yield computation and yield restriction, reimbursement bonds, refundings, anti-abuse rules and replacement proceeds.

501(c)(3) Bonds - A Mini Text (1993)
A synopsis of those troublesome areas which require more in-depth review during an examination of qualified 501(c)(3) bonds.

Page Last Reviewed or Updated: 08-Apr-2015