Tax-exempt bond proceeds come with IRS arbitrage rules. We track spend-down, monitor potential rebate liability and coordinate the calculations and filings — to help you anticipate rebate obligations before a computation is due.
Arbitrage compliance starts at closing, not at the deadline. We monitor from day one and coordinate the formal work when it’s needed.
Ampersand Public Advisors does not provide tax or legal advice; IRS filings are coordinated with your bond counsel or tax advisor.
Meeting a spend-down exception may exempt an issue from rebate requirements (yield restriction rules may still apply). We track your progress against each one.
Proceeds spent within six months of issuance.
Proceeds spent on a set schedule over eighteen months.
For construction issues spent on schedule over two years.
We’ll review your outstanding issues and show you where each stands against spend-down and rebate requirements.
