Northeast Summer Seminar 2023

Hodgson Russ Partners Christopher C. Canada and A. Joseph Scott, III presented on Understanding Arbitrage Rebate. They discussed rising interest rate yields on municipal investments are heightening the need for government finance officers to be more sensitive to arbitrage rebate pertaining to returns on the investment of idle bond proceeds.  As markets have not been in this position for years, this is a great opportunity to refresh your knowledge of the arbitrage rebate rules and regulations to be aware of, and prevent the incurrence of interest penalties on the investment returns of your entity's idle bond proceeds.