TITLE

Two Florida Agencies Enter Into Closing Agreements With IRS

AUTHOR(S)
Barnett, Susanna Duff
PUB. DATE
November 2004
SOURCE
Bond Buyer;11/18/2004, Vol. 350 Issue 32013, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the Orange County Health Facilities Authority in Orlando, Florida and the Capital Projects Finance Authority in Moorehaven, Florida have signed separate agreements with the United States Internal Revenue Service (IRS) to protect the tax-exempt status of pooled health care facility bonds that were accused of violating the arbitrage rules of the tax code due to bid-rigging. Payment of most of the settlements by the Florida Hospital Association Management Corp.; Investigation of George K. Baum & Co., underwriter of the Orange County deal, by the IRS for alleged tax law violations; Involvement of CDC Funding Corp. in the deal by Baum.
ACCESSION #
15149417

 

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