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Employee Costs Related to Capital Projects, Can you Finance Them with Tax-exempt Bond Proceeds?

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October 2012
Brent Feller and Anjali Vij
Dispatch

Brent Feller and Anjali Vij wrote an article entitled Employee Costs Related to Capital Projects, Can you Finance Them with Tax-exempt Bond Proceeds?, which was recently published in the October issue of the Dispatch, from the Illinois Government Finance Officers Association. The Article discussed the federal tax laws that apply when a municipality issues tax-exempt bonds to finance capital projects, and how such bond proceeds can be used to pay project-related employee salaries.