In a favorable decision, the Internal Revenue Service ruled that assessment bonds and lease revenue bonds do not satisfy a private loan financing test, according to recently issued private letter rulings.
IRS Issues Favorable Letter-Ruling for Assessment and Lease Revenue Bonds
NOV 19, 2012 9:26pm ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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