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INNOVATIVE SOLUTIONS. PROVEN RESULTS. COLUMBIA

In response to recent guidance from the IRS, many bond counsel firms now require issuers to adopt and implement post-issuance compliance policies. These policies generally address the six areas of on-going compliance identified by the IRS:

• Due diligence review at regular intervals

• Identifying the official or employee responsible for review

• Training of the official or employee

• Retention of adequate records to substantiate compliance

• Procedures reasonably expected to identify noncompliance, and

• Procedures to correct any non-compliance in a timely manner.

Issuers have historically been required to provide regular monitoring of their tax-exempt bonds (and direct subsidy and tax credit bonds), but the new post-issuance compliance policies formalize these responsibilities and, for many, create significant new administrative burdens.

We created munivault to ease these burdens and to provide a streamlined, technology-driven approach to ensuring on-going compliance with post-issuance compliance policies and procedures. Because munivault is a service of Columbia Capital Management, LLC, you can expect the same high-quality, excellent service we provide on our financial and investment advisory work.

munivault  post-issuance compliance

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