Bailey Quoted on IRS Ruling of Tax-Exempt Bonds and Build America Bonds

Partner Michael Bailey was quoted in The Bond Buyer article, “IRS: Issuer of Tax-Exempts, BABs, Can Reallocate Proceeds,” on September 4, 2014. The piece discusses the Internal Revenue Service’s ruling that tax-exempt bonds and Build America Bonds can reallocate its proceeds. Bailey was quoted saying, “This is a ruling that is relevant to post-issuance compliance.”