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

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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