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DOL Finalizes Class PTE on Interest-Free Loans and Credit for Fixing Plan Y2K Problems
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
Apr. 5, 2000
Excerpt: The exemption allows employee benefit plans to receive temporary loans and extensions of credit to meet Y2K contingencies if certain conditions are met. The exemption amends Prohibited Transaction Exemption 80-26. After reviewing public comments on the proposal, the department decided to issue a final exemption which is virtually identical to the proposal announced on Nov. 29, 1999.

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