TITLE

Florida Health Agency Settles Over Pooled Bond Issues

AUTHOR(S)
Barnett, Susanna Duff
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/26/2004, Vol. 350 Issue 31997, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Escarabia County, Florida, Health Facilities Authority reached a settlement yesterday with the U.S. Internal Revenue Service to close an audit into $156.5 million of pooled bonds issued in 2000 that protects their tax-exempt status. The bonds were issued to fund a program designed to finance capital improvements for governmental and nonprofit healthcare facilities, establish reserves, including a debt service reserve, and pay certain program expenses. The $ 154.515 million of Series A bonds were sold by negotiation and the $1,985 million of Series B bonds were privately placed.
ACCESSION #
14849118

 

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