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| Tax exempt debt issuers are subject to a long list of Internal Revenue Service (IRS) requirements that dictate how and when they can use their bond proceeds. Through PMA's Bond Proceeds Management Program these obligations are fulfilled with minimal hassle. |
| PMA's Bond Proceeds Management Program is a comprehensive service that: |
- establishes a scheduled flow of funds
- optimizes investment opportunities
- adequately covers projected expenses
- improves compliance
- creates administrative efficiency
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| With PMA's Bond Proceeds Management Program public entities can reap significant benefits in the critical areas of investment, arbitrage and reporting. |
- PMA competitively bids client investments across its expansive network of banks and dealers to obtain optimal pricing on client investments.
- PMA's local bank participation program allows local institutions to participate in the process if required.
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| PMA's specialized monthly reports provide: |
- reliable interest earnings projections.
- arbitrage spend down status.
- spending exception tests.
- monthly updates on potential arbitrage payments.
- comprehensive portfolio reporting.
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| PMA assists its clients in complying with existing policies as well as state and federal statutes. If needed, PMA will coordinate a formal arbitrage calculation. |
| PMA can help bring a public entity's construction project to life through a comprehensive investment and arbitrage management program that maximizes interest earnings while complying with arbitrage and IRS regulations. |
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- Establishes a reliable and sufficient flow of funds
- Optimizes investment opportunities
- Covers projected expenses
- Create administrative efficiency
- Competitively bid investments
- Delivers specialized monthly report with reliable interest earnings projections and potential arbitrage payments
- Help clients comply with existing policies and statutes
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