Basic Training

Arbitrage rebate compliance has a volatile, complex set of rules and regulations subject to frequent changes and varying interpretation. By not adhering to the arbitrage rebate and yield restriction regulations, an entity may incur substantial fines and penalties and/or loss of the tax-exempt status of the debt issue. Click on the following links to learn more about the basics.

ACS' Exclusive Training Program

ACS' training program provides participants an array of 30 training modules. The first three modules are available for no cost on our training program page.

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External Resources

For additional resources relating to the bond compliance requirements, please visit the following links:

Internal Revenue Service 

The Securities and Exchange Commission 

Government and Related Public Finance Associations