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Treasury's letter to Arizona may impact muni issuance disclosures

The Department of the Treasury’s warning letter to Arizona may be a warning to all states who defy the Biden Administration’s rules related to ARPA funding, but disclosure related to clawbacks could be a problem for muni issuers. ....

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Report: Tennessee transparency inadequate for federal CARES Act spending

(The Center Square) – A new report on transparency in Coronavirus Relief Fund (CRF) spending placed Tennessee among the states with inadequate or no disclosure of its CRF spending. ....

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