Home
Solutions
Products
Pricing
Resources
Request Demo
Start Free
Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo
StateStorm

Weekly Updates

LegiStorm is constantly adding new information on the people, places and reports in our database. In the past week, LegiStorm added:

  • 1739 new people
  • 124 new organizations
  • 991 new photos
  • 2117 job history records for people in our database
  • 641 education records for people in our database
  • 2487 contact addresses, emails and URLs (LinkedIn, Facebook, etc.)
  • 107 new policy reports
  • 3 new trips to our privately funded travel database
  • 323 new personal financial disclosures
  • 6604 new press releases
  • 1 new town hall
  • 28 new hearings

Caught Our Eye Rss

» More from Caught Our Eye
» More from our DevBlog

Tax Policy: Tax-Exempt Bond Issuance Costs

  Premium   Download PDF Now (52 pages)
Report Type Reports and Testimonies
Report Date Dec. 18, 1989
Report No. GGD-90-9BR
Subject
Summary:

Pursuant to a congressional request, GAO reviewed state and local governments' tax-exempt bond issuance costs and how proposed legislation would affect those costs.

GAO found that: (1) issuance costs from bonds sold to private enterprises in 1985 ranged from 2.2 to 4.1 percent of bond proceeds; (2) bond underwriter spreads comprised 48 to 88 percent of issuance costs, although underwriting spreads decreased by about 40 percent from 1982 to 1988; (3) additional issuance cost limits did not seem justified, since underwriting services were relatively competitive and reasonably priced; (4) the proportion of private enterprise bonds which would have exceeded the proposed cost limits was 44 percent for 1985 and 37 percent for 1986; and (5) the proposed issuance cost limits could reduce state and local governments' bond issuance capabilities, unless bond issuers developed alternative cost distribution and classification methods.

« Return to search Government Accountability Office reports

HomeAbout Us Contact UsPrivacy PolicyTerms of UseJoin Us
© LegiStorm
LegiStorm
2101 L St. NW, Suite 300
Washington, DC 20037
(202) 360-4172 / congress@legistorm.com