California Hospital to Ask IRS to Keep Bonds Tax-Exempt

Duff, Susanna
June 2003
Bond Buyer;6/12/2003, Vol. 344 Issue 31655, p5
Trade Publication
Granada Hills Community Hospital in a Los Angeles, California announced its plans to try to work out a voluntary compliance agreement with the United States Internal Revenue Service to ensure the tax-exempt status of $16.1 million of bonds. The hospital disclosed that under prior management, bonds issued in 1997 were used for unrelated operational expense and working capital and could be found taxable.


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