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SEC to Charter Schools: Use Registered Municipal Advisors

The SEC is reminding charter schools to seek advice on municipal securities only from registered municipal advisors. A bulletin from the SEC’s Office of Municipal Securities and Division of Enforcement’s Public Finance Abuse...more

Tax-Exempt Lending to Governments and Nonprofits; Bank Loans and Direct Purchases of Municipal Securities

Commercial banks and other financial institutions (“lender” or “lenders”) have historically provided financing to both governmental entities and nonprofits on a tax-exempt basis through loans and direct purchases of municipal...more

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