The Internal Revenue Service has completed an audit of $60 million of hospital revenue bonds issued in 2002 by Lakeland, Fla., finding no change to the bonds’ tax-exempt status.

Lakeland issued the bonds for Lakeland Regional Health Systems. The IRS notified Lakeland of the audit in January, the regional system said in an event notice posted Wednesday on the Municipal Securities Rulemaking Board’s online 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.