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 Arbitrage Rebate Calculations One of our fiduciary responsibilities with regard to the investment of municipal bond proceeds is to maximize earnings within the constraint of arbitrage restrictions. On a continuing basis, we keep abreast of the changes in the regulations and we keep up-do-date information on the exceptions to rebate. Our detailed understanding of the arbitrage rebate regulations allows us to provide clients with an individualized approach to meeting rebate regulations while minimizing rebate liability. We have provided arbitrage rebate services for all types of transactions, including: general obligation bonds, revenue bonds, refunding bonds, variable rate bonds, student loan and housing bonds. We also have experience dealing with more complicated transactions involving commingled funds, transferred proceeds, discount term bonds and callable premium bonds. Depending upon the date of issuance and type of issue, certain arbitrage rebate regulations may apply that permit different calculation approaches. For each client that utilizes our services, we maintain a regular schedule of preparing spend-down schedules for project funds, we monitor rebate payment dates, we submit completed rebate reports to the IRS and provide any follow-up (if necessary), and we provide ongoing advice and information on any revisions to arbitrage compliance regulations. Most importantly, we understand that clients need an approach to arbitrage rebate that is based upon their unique set of circumstances. |
