TITLE

IRS Audits Illinois' 1990 $38 Million Retirement Home Deal

AUTHOR(S)
Kinnander, Ola
PUB. DATE
November 2000
SOURCE
Bond Buyer;11/17/2000, Vol. 334 Issue 31020, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports the management audit of Internal Revenue Services (IRS) for the 1990 retirement housing project of Illinois Development Finance Authority. Concerns of IRS for the replacement provisions of arbitrage rules; Implication of a ground lease for land ownership and bonds transaction; Views of lawyer David Walton on defeased bonds.
ACCESSION #
3819028

 

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