ERIC Number: EJ285302
Record Type: CIJE
Publication Date: 1983-Aug
Reference Count: N/A
Arbitrage: I.R.S. Attempts to Further Limit School District Borrowing Power.
Everett, R. E.; Fausch, Dale S.
School Business Affairs, v49 n8 p14,55,58 Aug 1983
Explains the proposed revisions to Internal Revenue Service regulations that would require school districts to calculate the earnings on investments and deduct these earnings from bond obligations. Demonstrates how the revisions would restrict use of the proceeds of short-term investment of borrowed funds and limit cash on hand. (MLF)
Publication Type: Journal Articles; Guides - Non-Classroom
Education Level: N/A
Authoring Institution: N/A