Calif. Issuer Discloses TEB Audit

McConnell, Alison L.
May 2006
Bond Buyer;5/18/2006, Vol. 356 Issue 32384, p1
Trade Publication
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.


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