SB 911 would require local agencies to post annual reports on their websites detailing how much bond money they had collected and spent and describing the status of bond-funded construction projects.
But some governors fear that any "grand bargain" struck by Mr. Obama and Congress could lead to even deeper cuts to states, and they worry that it could include tax provisions that they believe would be harmful, like ending the tax-exempt status of municipal bonds that makes the bonds more attractive to investors.
Note, however, that even if gates back a bond issue, United used ambiguities in the bond indenture to challenge the status of such bonds.
The step pushed the bonds of the two huge companies below investment grade, or into the status of junk bonds.
He's probably interested in buying municipal bonds because of his ridiculously high tax bracket and the tax-free status of the bonds.
He would end the tax-exempt status of municipal bonds.
The I.R.S. had been studying whether to take away the tax-exempt status of some bonds issued by municipalities.
Officials at the I.R.S. said they were giving the matter high priority and had challenged the tax-exempt status of municipal bonds in a number of places but declined to describe individual cases.
Ratings agencies recently began upgrading the status of several bonds issued by major state-owned companies like the Dubai Electricity and Water Authority, or Dewa, and MB Petroleum, a major supplier of oil field services in Oman.
The crackdown would not, however, impair the tax-favored status of the bonds, notes Lehman Brothers tax expert Robert Willens.
Variations of interfacial band-gap structures, the status of surface bonding, and the behavior of charge carriers in semiconductor photoelectrodes are discussed.
