WASHINGTON — The Internal Revenue Service has told the Nebraska Public Power District that $10 million of the $50.36 million of Series A Build America Bonds it issued in June 2009 do not qualify for the 35% subsidy payment it receives from the U.S. Treasury.

The NPPD disclosed the IRS decision in a material event notice filed with the Municipal Securities Rulemaking Board’s EMMA system, the latest in a dispute of at least eight-months over the issue price of the BABs.

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