| | | | | | | | Council Communication
Department: Finance
Case/Project No.:
Submitted by: Finance Department / Kristi Meckna | Resolution 21-227
ITEM 6.E. | Council Action: 7/26/2021 |
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| | | | | | | | Description
Resolution approving post-issuance compliance policy. |
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| | | | | | | | Background/Discussion
In order to comply with the IRS Requirements, governmental bond issuers must ensure that the rules are met at the time of the bonds, capital loan notes or lease-purchase obligations are issued and throughout the term of the bonds. The City of Council Bluffs adopted its current Post-Issuance Compliance Policy in 2011 to comply with the IRS Requirements. The current policy requires an update as a result of the Securities and Exchange Commission made to Rule 15c2-12. |
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| | | | | | | | Recommendation
To ensure the City of Council Bluffs remains compliant with the IRS Requirements, it is in the best interest of the Council to approve the revised Post-Issuance Compliance Policy. |
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