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Resnick, Michael A. – American School Board Journal, 1988
For school systems, the Tax Reform Act of 1986 increased the relative cost of borrowing and put greater limits on investment opportunities. Offers tips to help school boards ask the right questions to take advantage of all possible opportunities. (MLF)
Descriptors: Bond Issues, Compliance (Legal), Elementary Secondary Education, Investment
Anderson, David; Brennan, William – American School Board Journal, 1988
With passage of the Tax Reform Act of 1986, school systems became liable to the federal government for any profits earned on tax-exempt bonds. Understanding the requirements is essential for any board facing significant capital financing. Outlines requirements, exceptions to the rule, penalties, costs, and debt planning. (MLF)
Descriptors: Bond Issues, Capital Outlay (for Fixed Assets), Compliance (Legal), Elementary Secondary Education