WASHINGTON — The Internal Revenue Service has suggested that some of the revenue bonds issued in 1993 by the New Jersey Health Care Facilities Financing Authority for Deborah Heart and Lung Center may not be tax-exempt because of a “total return swap,” and has asked NJHCFFA for more information.

The authority said in an event notice recently filed with the Municipal Securities Rulemaking Board’s EMMA system that the IRS had sent it a “Form 5701 Notice of Proposed Issue” detailing its concerns about the transaction.

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