Bailey Quoted on Build America Bond Program

Partner Michael Bailey was quoted in an article that appeared in The Bond Buyer on December 29, 2010 titled “Munis Face Uphill Battle in Congress; Washington.” He discussed the struggle faced by municipal market groups trying to get Congress to resurrect the Build America Bond program and other bond-related tax incentives scheduled to expire December 31. Bailey stated that tax compliance may become easier at the end of the stimulus, adding that simplified public-approval requirements for Private Activity Bond-financed projects would be a welcome change.