IRS Sanctions School

D'Ambrosio, Jill
August 2004
Bond Buyer;8/16/2004, Vol. 349 Issue 31948, p35
Trade Publication
Reports on the sanction amount that must be paid by the Bethlehem Area School District in Pennsylvania to the U.S. Internal Revenue Service due to arbitrage violations from three-year notes it sold in September 2000. Allegations that the district did not follow the procedure in the use of the proceeds because no action was taken on a proposed construction project.


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