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Position Statement <br />Modernize Tax-Exempt Financing <br />the most powerful and effective tool <br />in public infrastructure. To jump- <br />start development of much-needed <br />infrastructure, Congress should: <br />refunding of bonds; Simplify outdated <br />private-use rules; Raise the bank- <br />payments to Build America Bond issuers. <br />Need <br />MMUA Position <br />Background <br />2020 Federal Position Statements / 7 <br />101 <br />