AFF Bonds
America Fast Forward Bonds
The Obama Administration proposes to create a new permanent AFF Bonds program, which would be an optional alternative to traditional tax-exempt bonds. AFF Bonds would be conventional taxable bonds issued by State and local governments in which the Federal government makes direct payments to State and local governmental issuers in a subsidy amount equal to 28 percent of the coupon interest on the bonds.
The Obama Administration proposes to create a new permanent AFF Bonds program, which would be an optional alternative to traditional tax-exempt bonds. AFF Bonds would be conventional taxable bonds issued by State and local governments in which the Federal government makes direct payments to State and local governmental issuers in a subsidy amount equal to 28 percent of the coupon interest on the bonds.
Labels: AFF Bonds
posted by Unknown at 10:25 PM
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