IRS: Authority Can Create a Nonprofit Utility-Manager Without Hurting Debt

Barnett, Susanna Duff
September 2003
Bond Buyer;9/30/2003, Vol. 345 Issue 31730, p5
Trade Publication
Reports on the release of a private-letter on the authority given to government authority to create nonprofit company to manage its electric and utility system according to the U.S. Internal Revenue Service. Specification to allow the operation without jeopardizing tax-exempt status of its private-activity bonds; Usability of the nonprofit company for governmental purpose; Relevance of entities as instrumentalities in governmental units.


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