Waiting Game in Texas

Albanese, Elizabeth
March 2005
Bond Buyer;3/22/2005, Vol. 351 Issue 32095, p1
Trade Publication
Reports on the new-money general obligation bond offerings of the Clear Creek Independent School District (ISD) and the Cypress-Fairbanks ISD in Texas. Advantage offered by high interest rates for Clear Creek; Consideration of Cypress-Fairbanks whether to delay their deal until the U.S. Internal Revenue Service releases a letter about the Texas Permanent School Fund; Announcement of the Texas Education Agency that the state's traditional means of guaranteeing unlimited-tax school bonds had reached its capacity.


Related Articles

  • IRS Rules $64.2M of Hazleton, Pa., School District GOs Taxable. McConnell, Alison L. // Bond Buyer;9/22/2005, Vol. 353 Issue 32223, p6 

    Reports on the ruling of the U.S. Internal Revenue Service that $64.2 million of general obligation bonds issued in 1997 by the Hazleton Area School District in Hazleton, Pennsylvania, are taxable. Discovery of a defeasance escrow, funded by a portion of the Series 1997 bonds; Requirement for...

  • Texas School Bond Guarantor To Boost Size After IRS Ruling. Albanese, Elizabeth // Bond Buyer;4/5/2005, Vol. 352 Issue 32104, p1 

    Reports on the anticipation of a private letter ruling from the U.S. Internal Revenue Service approving a request to expand the capacity of state's Permanent School Fund (PSF) as a guarantor for school bonds by the Texas Education Agency. Appropriation of funds to back bonds guaranteed under...

  • Two More School Districts in California Face IRS Scrutiny. Schroeder, Perter // Bond Buyer;3/25/2008, Vol. 363 Issue 32842, p19 

    The article reports that Centinela Valley Union High School District and the Pomona Unified School District have revealed that U.S. Internal Revenue Service (IRS) has preliminary determined that their $39.2 million of 2004 general obligation bonds and $24.1 million of 2001 GO refunding bonds,...

  • Put Options at Issue as IRS Audits Pennsylvania School District Debt. Barnett, Susanna Duff // Bond Buyer;6/23/2004, Vol. 348 Issue 31911, p1 

    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 Declares West Covina, Calif., USD Refunding Taxable; Cites Yield Burning. McConnell, Alison L. // Bond Buyer;8/7/2006, Vol. 358 Issue 32439, p5 

    The article reports on the U.S. Internal Revenue Service's (IRS) preliminary decision that a series of refunding bonds issued by West Covina Unified School District in California is taxable. According to the article, the IRS investigation has discovered evidence of yield burning. It adds that...

  • IRS Rules Tribal Authority Can Issue Tax Exempt Bonds. Jagoda, Naomi // Bond Buyer;11/12/2014, Vol. 1 Issue 34210, p1 

    The Internal Revenue Service concluded that an Indian tribe's authority is a political subdivision that can issue tax-exempt bonds. The agency also granted a school district an extension to spend the proceeds of qualified school construction bonds it issued.

  • IRS Private-Letter Ruling Could Help a School District Rebuild. Barnett, Susanna Duff // Bond Buyer;6/2/2004, Vol. 348 Issue 31896, p5 

    Reports on the United States Internal Revenue Service's (IRS) private letter ruling on the plans of a city school district to use tax-exempt bond financing to modernize facilities. Possibility that the school district will violate its state financing requirements and federal hedge-bond rules;...

  • IRS: Interest on Erie, Pa., District's Bonds May Be Taxable. Barnett, Susanna Duff // Bond Buyer;10/14/2004, Vol. 350 Issue 31989, p30 

    Reports on the United States Internal Revenue Service's (IRS) notification to the Erie, Pennsylvania, City School District that the interest in its tax-exempt bonds may be taxable because of its use of option escrow. Auditing of the bonds; School district's belief that it has complied with the...

  • Hazleton, Pa., Schools in Settlement Talks with IRS. McConnell, Alison L. // Bond Buyer;7/11/2005, Vol. 353 Issue 32171, p4 

    Reports on the continuation of the settlement negotiation between the Hazleton, Pennsylvania, Area School District with the U.S. Internal Revenue Service. Audit of the school district's general obligation bonds; Detection of an abusive yield-burning strategy; Details of the Hazleton case;...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics