TITLE

North Little Rock, Ark., Latest to Announce IRS Audit

AUTHOR(S)
McConnell, Alison L.
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/16/2006, Vol. 356 Issue 32382, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that North Little Rock, Arkansas has been facing an Internal Revenue Service (IRS) investigation of its Series 1997 bonds that could cost bondholders up to million in penalties. The city became one of a dozen issuers to disclose an IRS audit. The IRS had found that the city has enclosed fee from an unidentified forward supply agreement provider.
ACCESSION #
20952689

 

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