DC – Post-Issuance Tax Compliance and Procedures For Tax-Exempt Obligations

The Contoocook Valley School District from time to time, on a tax-exempt basis, issues (i) bonds and bond anticipation notes to finance capital projects and (ii) municipal leases to finance the lease-purchase of certain equipment, all pursuant to the provisions of New Hampshire RSA Chapter 33, as amended.

All bonds, bond anticipation notes, and applicable leases issued by the District will be in compliance with the federal income tax laws included in the Internal Revenue Code of 1986, as amended (the “Code), which require that issuers of tax-exempt debt comply with certain post-issuance requirements set forth in the procedures as outlined by the Internal Revenue Service.

Legal References:

RSA 33-A
Internal Revenue Code (IRC), enacted by Congress in Title 26 of the United States
Code (26 U.S.C.).

Category: R

1st Read: May 15, 2012
2nd Read: June 5, 2012
Adopted: June 5, 2012