The IRS announced the release of the 2010–2011 Priority Guidance Plan. The plan contains 310 projects that are priorities for allocation of the resources during the twelve-month period from July 2010 through June 2011, also addresses a variety of issues, including recent legislation, the current economic environment, and important international issues.

The joint Department of Treasury/Internal Revenue Service priority guidance plan for 2010-2011 contains the following items of interest to the tax-exempt bonds community:

1. Guidance on Build America Bonds under §54AA as added by ARRA of 2009. See Notice 2010-81.
2. Final regulations on solid wasted disposal facilities under §142. Proposed regulations were published on September 16, 2009.
3. Final regulations on public approval requirements for private activity bonds under §147(f). Proposed regulations were published on September 9, 2008.
4. Regulations on arbitrage investment restrictions under §148.
5. Regulations on bond reissuance under §150.  Notice 2008-41 was published on April 14, 2008 and was supplemented by Notice 2008-88 and Notice 2010-7.
6. Final regulations under §1397E on Qualified Zone Academy Bonds.  Proposed regulations were published on July 16, 2007.  Published on 07/30/2010 in the Federal Register as TD 9495.
7. Guidance on credit for qualified bonds allowed to an issuer under §6431 as added by ARRA of 2009 and amended by the HIRE Act of 2010.