An opportunity for COVID Recovery Bonds is here now

Jonathan Ballan discusses the municipal bond industry’s ability to help the U.S. recover from the economic and employment crisis that is a result of a COVID-19. Jon notes, that by taking an approach similar to those actions taken when terrorist attacks and climate-related catastrophes occurred, the muni bond industry can target new categories of tax-exempt bonds to specific industries and areas in need of assistance. While Jon supports muni bond interest groups’ focus on increased tax-exempt bonds to develop infrastructure as well as the need to restore advance refundings, relax volume cap limitations, and working capital restrictions, he also notes the need to help other impacted segments of the economy that have been overlooked and could benefit.

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Jonathan A. Ballan

Co-Chair, Public & Project Finance

(212) 297-2696

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