House Municipal Finance Caucus Introduce Advance Refunding Legislation
On May 20th, members of the House Municipal Finance Caucus, led by Congressmen Ruppersberger (D-MD) and Stivers (R-OH), introduced H.R. 2772 a bill to restore the tax-exemption for advance refunding bonds. Titled the, “Investing in Our Communities Act,” the bill will enable governments to refinance outstanding bonds for infrastructure and free up resources for other community projects.
You can read more about the bill here.