NOW THEREFORE BE IT RESOLVED, that the National Association of State Treasurers hereby opposes legislative and regulatory measures to repeal the exemption of municipal bond interest from Federal and applicable state income taxation, to curtail the use and attractiveness of tax-exempt bonds, and to discourage investment in tax-exempt bonds and opposes any federal
legislation that diminishes the value or impairs the use of tax-exempt bonds.
BE IT FURTHER RESOLVED, that the National Association of State Treasurers supports federal initiatives to enhance the ability of state and local governments to finance vital public projects through tax exempt financing.
NOW, THEREFORE BE IT RESOLVED, by the National Association of State Treasurers:
1. NAST does not support proposals to provide states with bankruptcy protection.
2. NAST encourages Congress and the Administration to work with our members to improve the fiscal stability of governments at all levels.