As an issuer of tax-exempt bonds, or an obligated party in a tax-exempt issue, Bingham’s expertise can help you navigate the complexities of arbitrage rebate compliance.
Arbitrage is any interest or value earned over the declared yield of a tax-exempt bond issue as defined by Internal Revenue Code Section 103 and Section 148. Bingham’s experienced professionals can determine the amount, if any, that must be rebated (paid) to the Federal Government. Even if your issue does not earn arbitrage, the calculation is required at least every five years over the life of the issue.
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You have questions. Bingham has answers. We are here to help with all of your Pre-Issuance and Post-Issuance Compliance needs.
- Verification
- Yield Restriction
- Arbitrage Rebate
- Post-Issuance Compliance

Bingham’s office – located in the historic Uptown of Richmond, Virginia.
News
Is It Arbitrage Rebate? Or Yield Restriction?
Post issuance compliance is a complex arena with multiple facets to explanations.
September 5, 2019
Six Easy Tips for a Smooth Arbitrage Rebate Calculation
Exactly how does a tax-exempt debt issuer prepare to meet the complexity of post-issuance…
August 27, 2019
Upcoming Events
North Carolina GFOA Spring Conference
RTP, NC
April 7-9, 2021
Virtual Conference Event
Maryland GFOA Quarterly Conference
BWI area, MD
April 30, 2021
Louisiana GFOA Spring Conference
Baton Rouge, LA
May 5-7, 2021
Virginia GFOA Spring Conference
Virginia Beach, VA
June 10, 15 & 24, 2021
Virtual Conference Event