Fla. Loan Council, South Miami in VCAP

Sigo, Shelly
July 2010
Bond Buyer;7/26/2010, Vol. 373 Issue 33355, p1
Trade Publication
The article reports on the notification of investors in the Series 2002A and 2006 pool bonds that the Florida Municipal Loan Council (FMCL) and the city of South Miami have entered in the U.S. Internal Revenue Service's (IRS) Voluntarily Compliance Agreement Program (VCAP) in June 2010. The move was made after the city and the FMCL received letters from the Securities and Exchange Commission (SEC). The letters open an investigation on the city's debt.


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