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

McConnell, Alison L.
July 2006
Bond Buyer;7/31/2006, Vol. 357 Issue 32434, p6
Trade Publication
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.


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