TITLE

New Orleans Refunding Being Audited by IRS

AUTHOR(S)
Kinnander, Ola
PUB. DATE
January 2002
SOURCE
Bond Buyer;1/14/2002, Vol. 339 Issue 31303, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that the U.S. Internal Revenue Service is auditing a $75.2 million pension obligation refunding that the city of New Orleans carried out in 1998 to examine whether the issue should remain tax-exempt. Belief of a bond counsel regarding the results of the audit; Number of tax-exempt bond deals that have been issued to finance municipalities' pension obligations.
ACCESSION #
7912333

 

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