Membership
Professional Learning
Advocacy
Partnerships
⚙️ Systems Thinking 💻 Virtual 🆓 Free
Date: May 15, 2024
Time: 9-10 AM
Location: Virtual; A recording on this session will be made available in the On-Demand Catalog.
Intended Audience: Superintendents, Assistant Superintendents & Chief Financial Officers
Registration Fee: Free and open to GOCSD Members and Nonmembers
Did your district recently pass a bond issue? Or, are you trying to maximize the proceeds on your bonds to generate additional funds for your bond projects?
Join us to learn more about arbitrage rebate basics. Arbitrage on a bond issue occurs when the proceeds are invested at a yield either in excess or below the bond arbitrage yield. Arbitrage can be either “positive” or “negative.” In the current interest rate environment, issuers of public debt are seeing investment returns on bond proceeds that exceed the arbitrage yield, and this in turn makes understanding the nuances of arbitrage requirements vitally important.
This session will provide:
An overview of arbitrage requirements
Rebate exceptions
Best practices to ensure compliance with IRS arbitrage rebate requirements for tax-exempt bonds