From: To: Cc: Subject: Date: Importance

:

Colyar, Kelly Richardson, Susan; Cestari, Kenneth Silver, Jonathan; Frantz, David; Whitcombe, Nicholas tax exempt bonds (Vogtle) Friday, December 11, 2009 11:47:32 AM High

Susan and Ken, Please see below for the language regarding use ofb5 b5 b5 quick (non legal) read focuses on b5 .  We need to review quickly.  My

b5

b5

b5

b5

b5
If we believe this is a non-issue, let's get inter agency legal discussions going quickly. If we think it's an issue, let's discuss how to move forward. Thanks. Kelly From Treasury:  Section b4 of the IRS Code, b4 b4 the interest on obligations that are b4 indicates that, with certain exceptions, b4 b4 b4  

b4

b4

b4

b4

b4

b4

Below from OMB:

b4

Here's the A-b4
b4

cite. http://www.whitehouse.gov/omb/circulars b4

II. BUDGET AND LEGISLATIVE POLICY FOR b4 2. Form of Assistance. REFERENCES:

b4

b4

Statutory Federal b4   Direct or indirect b4

b4 b4 b4 b4 b4

, b4 U.S.C. § b4 b4
b4

b4

Internal Revenue Code (Section 1b4 b4

b4 b4 b4

b4 b4 b4 b4 generally thought that the cost to the b4 b4 b4 b4 b4 b4 b4

to the Government. It is b4 . The Internal Revenue Code provides some exceptions to this requirement; see Section 149(b) of the Internal Revenue Code for further details.

b4 b4 b4 b4 b4

b4 b4 b4 b4 b4

b4 b4 b4 b4

b4 b4 b4

b4 b4 b4

b4

  To preclude the possibility that Federal agencies will b4 indirectly, agencies will: (1) b4

b4

b4

, either directly or

b4 b4 b4 b4 b4 b4 b4 b4 b4

b4 b4 b4 b4 b4 b4

b4 b4 b4 b4 b4 b4 b4

;

(2) provide that b4

b4 b4 b4 b4 b4 b4 b4 b4 b4

b4 b4 b4 b4 b4

b4 b4 b4 b4 b4

b4 b4 b4 b4 b4

b4 b4 b4 b4

b4

b4 b4 b4 b4 b4

b4 b4 b4 b4 b4

b4 b4 b4 b4 b4

b4 b4 b4 b4

b4 b4 b4 b4 b4 b4 b4 b4 b4

b4 b4 b4 b4 b4 b4 b4 b4

b4 b4
; and . For example, such b4 covering a portion b4 b4 to be b4 b4 . Therefore, ;

b4

(3) b4 (4) b4 (5) b4

b4

b4 of the cost. In such cases, the Federal b4 b4 b4 b4 b4 b4 b4 b4 b4 b4 b4
  Where a large degree of b4

is, in effect,b4

b4 b4

b4 b4

b4

b4

b4

the use of direct loans.

b4

b4

b4

Sign up to vote on this title
UsefulNot useful