IRS: Federal Contracts Don't Prevent Tax-Exempt Debt

Duff, Susanna
March 2003
Bond Buyer;3/4/2003, Vol. 343 Issue 31585, p32
Trade Publication
Reports that the U.S. Internal Revenue Service has ruled that federal contracts would not affect an educational nonprofit organization's ability to build a facility with tax-exempt financing. Basis of the ruling; Inclusion of fixed annual fees in the cost reimbursement contracts with the federal agencies.


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