Municipal Finance Improvements Act of 2010

Summary

Municipal Finance Improvements Act of 2010 - Amends the Internal Revenue Code to require the issuer of a tax-exempt state or local bond to obtain an optimal bond financing certification. Defines "optimal bond financing certification" as a written statement by an independent qualified financial advisor that the issuance fees and aggregate interest cost to the bond issuer are reasonable without materially increasing the risks to the issuer or bond obligors. Allows a tax credit for small issuers of tax-exempt bonds. Defines a "small issuer" as any issuer of tax-exempt bonds with an aggregate face value not exceeding $50 million in a calendar year.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 April 2010

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• Introduced in House (PDF)

  Introduced in House · EN · 29 April 2010

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• Introduced in House

  summary · EN · 29 April 2010

  Open at official source

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