Mark Vacha discusses various challenges that issuers of tax-exempt municipal bonds might face and provides insights to navigate these challenges with the Virginia Government Finance Officers’ Association.
In this article, Mark outlines ten examples of challenges, ranging from limiting bank qualifications for debt service savings, and handling arbitrage earnings and swap termination payments, to addressing private use of bond-financed property, and managing bond-financed property. He provides practical guidance for each scenario for issuer officials, bond advisors, solicitors, and staff to enhance their debt issuance planning and management practices within the framework of tax-exempt bond regulations.
“Sometimes the first step to solving (or mitigating or avoiding) problems is to identify what the problem may be to, among other things, put time on one’s side,” Mark states.
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