Rebate compliance is a serious business and the arbitrage rebate regulations are a volatile, complex set of rules and regulations subject to frequent changes and constant interpretation. By not adhering to the arbitrage rebate and yield restriction regulations a municipally may incur substantial fines and penalties and/or loss of the tax exempt status of the debt issue.

Sections

The information provided in this section is to be used only as a guide. There may be elections or special circumstances which require additional research that are unique to certain types of tax-exempt financing not covered in this section. An issuer should consult with their bond counsel or arbitrage rebate firm to determine if special elections or circumstances may require additional compliance procedures.

Helpful Links

For additional resources relating to the arbitrage rebate requirements, please visit the following links: