The Division of Local Services has posted
on its website a new Bulletin explaining the application of premiums received in
connection with the sale of bonds or notes that are subject to an approved
Proposition 2? debt exclusion generally and announces an alternative method for
applying them. G.L. c. 59, ? 21C(k). It supersedes Bulletins 2003-11B
(May 2003) and 2003-20B (October 2003) and any inconsistent prior written
statements and is effective immediately. The bulletin can be found here.
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