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Treasury Seeking Comments on State and Local Government Series (SLGS) Securities Notice of Proposed Rulemaking (NPRM)

November 17, 2022

The Department of the Treasury is seeking comment from the public regarding a Notice of Proposed Rulemaking (NPRM) to amend the regulations governing State and Local Government Series securities.

State and Local Government Series (SLGS) securities are special purpose securities that Treasury issues to state and local governments to assist with compliance of federal tax laws and IRS regulations governing the investment of cash proceeds generated from a tax-exempt bond issuance. The securities are not available to the general public.

Comments on this NPRM must be received on or before November 29, 2022. To see more details and where to send comments, visit