TITLE

Calif. Issuer Discloses TEB Audit

AUTHOR(S)
McConnell, Alison L.
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/18/2006, Vol. 356 Issue 32384, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the disclosure of the U.S. Internal Revenue Service (IRS) inquiry into the lease-to-own bonds of the Riverside-San Bernardino Housing and Finance Agency in California. The IRS is investigating about an alleged kickback strategy between two transaction participants of deals that financed mortgage loans for low income homeowners.
ACCESSION #
20944838

 

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