The Internal Revenue Service has opened an audit of $31 million of health center revenue bonds issued in 2005 by the Lebanon County, Pa., Health Facilities Authority to refund bonds previously sold in 1999 for a retirement facility.

The authority disclosed the audit in a notice filed on the Municipal Securities Rulemaking Board’s EMMA site, saying it had received a letter from the IRS.

The letter said, “The IRS routinely examines municipal debt issuances to determine compliance with federal tax requirements,” according to the authority.

The bonds were issued to refund bonds sold to finance the expansion of the Pleasant View Retirement Community in Manheim, Pa., said Wanda Hertzog-Grant, vice president of finance for the retirement home.

Pleasant View is about halfway between Lancaster and Harrisburg.

The refunding bonds were issued in two series: $25.9 million of fixed-rate bonds and $5.3 million of variable-rate bonds. They were not rated.

BB&T Capital Markets Co. and Legg Mason Wood Walker Inc. were co-underwriters for the deal.

Rhoads &Simon LLP was bond counsel. The authority was represented by Reilly, Wolfson, Sheffey, Schrum & Lundberg LLP.

The underwriters’ counsel was Eckert Seamans Cherin & Mellott LLC.  ­Stevens and Lee represented the borrower.

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