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Federal Subsidies to Issuers of Build America Bonds and Tax Credit Bonds may be Reduced by Sequestration

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February 25, 2013
Client Alert

If Congress does not act soon to postpone or avoid automatic cuts to federal spending, the federal government may implement certain automatic spending cuts under a “sequestration” law previously enacted by Congress. The automatic cuts, if they occur, will include a reduction in federal payments to issuers of Build America Bonds and certain direct pay tax credit bonds.

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