The Internal Revenue Service is auditing $11.04 million of educational facilities revenue bonds that Sarasota County, Fla. issued in 2010, the proceeds of which were lent to the nonprofit Sarasota School of Arts and Sciences, Inc. to finance charter school facilities.

The Sarasota School of Arts and Sciences, disclosed the audit in an event notice filed with the Municipal Securities Rulemaking Board’s EMMA system.

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