WASHINGTON — The South Texas Higher Education Authority Inc. has proposed paying the Internal Revenue Service $438,243 under the voluntary closing agreement program to settle tax law issues over $255.8 million of student loan bonds it issued in 2007.

The proposed settlement was disclosed in an event notice the authority filed with the Municipal Securities Rulemaking Board’s EMMA system on Monday.

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.