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Possible Cuts to Federal Subsidies for Build America Bonds and Tax Credit Bonds

September 21, 2012
Client Alert

On Friday, September 14, 2012, the Office of Management and Budget sent a report to Congressional lawmakers discussing major cuts in federal payments to issuers of Build America Bonds and other direct-pay bonds that will have to be made if Congress is forced to make $1.2 trillion in across-the-board cuts to the federal fiscal 2013 budget under the Congressionally- mandated sequestration process. 

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