Put Options at Issue as IRS Audits Pennsylvania School District Debt

Barnett, Susanna Duff
June 2004
Bond Buyer;6/23/2004, Vol. 348 Issue 31911, p1
Trade Publication
Reports that the U.S. Internal Revenue Service (IRS) has informed the Hazzleton Area School District in Pennsylvania that the interest on general obligation advance refunding bonds may be taxable. Total value of the refunding bonds; Audit of the school district's advance refunding bonds by the IRS; Caution issued by the IRS for the school district to notify bondholders.


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