General Government: Governmental Bonds
Year Identified: 2011
Area Number: 67
Area Type: Cost Savings & Revenue Enhancement
◐- Partially Addressed
○- Not Addressed
◉- Consolidated or Other
⊘- Closed-Partially Addressed
⊗- Closed-Not Addressed
Last Updated:March 6, 2015
Congress should consider whether facilities, including hotels and golf courses, that are privately used should be financed with tax-exempt governmental bonds.
No legislative action identified. GAO suggested in February 2008 that should Congress consider whether tax-exempt governmental bonds should be used for professional sports stadiums that are generally privately used, it also should consider whether other privately used facilities, including hotels and golf course, should continue to be financed with such bonds. Reconsidering the tax-exempt status of certain bonds could generate additional federal revenue.