ABCs of arbitrage : tax rules for investment of bond proceeds by municipalities

The 2018 Edition of this best-seller is updated and expanded to help you master both the most basic and complicated aspects of the subject by translating the complex issues of arbitrage into concise, practical language. This book will help you gain a clearer understanding of the rules of arbitrage, the relevant IRS code sections and the regulations and technical terms used in this practice.

In addition, this book includes valuable appendices including arbitrage sections of the Internal Revenue Code, arbitrage regulations, and proposed regulations.

Introduction to arbitrage -- Initial disposition of proceeds -- Small issuers -- Revenues and proceeds -- Nonpurpose investments -- Expenditures -- Loans of proceeds -- Refundings -- Substance versus form -- Yield and rebate computations -- Process, procedure, and paperwork.