TITLE

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

AUTHOR(S)
Barnett, Susanna Duff
PUB. DATE
September 2003
SOURCE
Bond Buyer;9/30/2003, Vol. 345 Issue 31730, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
10983689

 

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