WASHINGTON — The Cinco Municipal Utility District No. 1 near Houston announced that the Internal Revenue Service has closed an audit of $5.2 million of revenue bonds it issued with no change to their tax-exempt status.

The bonds were issued in 2002 to finance water and sewer infrastructure improvements. The district announced the closure of the audit in a material event notice filed with the Municipal Securities Rulemaking Board’s EMMA system.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.