Birmingham, Ala., water board bonds may be taxable

Whalen, Robert
February 1999
Bond Buyer;02/04/99, Vol. 327 Issue 30572, p4
Trade Publication
Reports that the United States Internal Revenue Service has informed the Water Works and Sewer Board of the City of Birmingham, Alabama, that some of its bonds may be declared taxable. Investigation into alleged yield burning on a 1993 water sewer deal underwritten by Raymond James & Associates; Case background.


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