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Corporate & Securities Law

: Jim Hamilton's World of Securities Regulation

By Jim Hamilton

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IRS Says Treasury Program to Support Money Market Funds Does Not Run Afoul of Federal Guarantee of Tax Exempt Bonds under IRCThe IRS has found that the Treasury program to support tax-exempt money market funds during this period of market turmoil does not violate restrictions against federal guarantees of tax-exempt bonds under Section 149(b) of the Internal Revenue Code. All money market mutual funds that are regulated under Rule 2a-7 of the Investment Company Act and are publicly offered and r read more

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Full post as published by Jim Hamilton's World of Securities Regulation on September 23, 2008 (boomark / email).

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