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PART II Current Procedures to Assure Compliance with Federal Tax Requirements Related To Advance
Refundings
2a. Do you have procedures in place to review your bond transactions to identify any possible
Yes
No
federal tax compliance issues prior to structuring any advance refunding of those
transactions?
2b. Do you have procedures in place to review the structure of your Advance Refunding Bonds
prior to issuance to make sure that the proposed refunding:
i. Is permitted pursuant to applicable federal tax requirements, if there have been prior
Yes
No
refundings of the original bond issue?
If Yes, the review is done by:
(check all that apply)
Employees
.
Bond Counsel
Financial Advisor
Underwriter or Placement Agent
Other
(attach sheet with description)
Yes
No
ii. Complies with applicable federal tax requirements which might impose restrictions on
the redemption date of the refunded bonds?
If Yes, the review is done by:
(check all that apply)
Employees
Bond Counsel
Financial Advisor
Underwriter or Placement Agent
Other
(attach sheet with description)
Yes
No
iii. Complies with applicable federal tax requirements which allow for the proceeds and
replacement proceeds of an issue to be invested temporarily in higher yielding investments
without causing Advance Refunding Bonds to be arbitrage bonds?
If Yes, the review is done by:
(check all that apply)
Employees
Bond Counsel
Financial Advisor
Underwriter or Placement Agent
Other
(attach sheet with description)
14246
Catalog Number 57701Q
Form
(Rev. 05-2011)