The Maryland Health and Higher Educational Facilities Authority has disclosed that the Internal Revenue Service has closed an arbitrage rebate-related examination of $39.3 million of revenue bonds it issued in 2002 without changing their tax-exempt status.

The closure of the audit was disclosed last week in a material event notice that the issuer sent to the nationally recognized municipal securities information repositories.

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.