WASHINGTON – Spurred by an Internal Revenue Service ruling that its bonds are taxable, the Baker Correctional Development Corp. in Florida plans to try to obtain a waiver from having to call the bonds as well as a federal loan to refund the bonds from tax-exempt to taxable.

This is the latest information from interviews with the parties involved, a material event notice BCDC filed with the Municipal Securities Rulemaking Board last week and a conference call the Baker County Sheriff's Office held with bondholders on Feb. 15.

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