TITLE

Altoona, Pa., Settles With IRS; Status of Water Bonds the Same

AUTHOR(S)
McConnell, Alison L.
PUB. DATE
July 2006
SOURCE
Bond Buyer;7/31/2006, Vol. 357 Issue 32434, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Altoona City Authority in Pennsylvania made an agreement with the U.S. Internal Revenue Service regarding an audit of water revenue refunding bonds worth $53 million. The status of the municipal bonds remain the same in spite of the settlement. The agreement provides for the protection of bondholders from tax liability.
ACCESSION #
21877506

 

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