New Remedial Actions For Tax-Advantaged Bonds And P3s

By Travis Gibbs, Mitchell Rapaport, Bruce Serchuk and Carla Young (April 20, 2018, 9:48 PM EDT) -- On April 11, 2018, the Internal Revenue Service released Revenue Procedure 2018-26, which contains new "remedial actions" that can be used by issuers of tax-exempt bonds, Build America Bonds and other tax-advantaged bonds to cure impermissible use of bond-financed projects. The guidance is also intended to facilitate public-private partnerships, or P3s, and other transactions that involve the long-term lease of existing facilities financed with outstanding tax-exempt bonds by providing an alternative remedial action that eliminates the need for a potentially costly defeasance of outstanding bonds....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!