The Louisiana Local Government Environmental Facilities and Community Development Authority has settled tax law charges with the Internal Revenue Service to preserve the tax-exempt status of $110 million of Series A revenue bonds it issued in 2000.

The authority disclosed the so-called closing or settlement agreement in a material event notice filed with the nationally recognized municipal securities information repositories last week. The notice did not specify any amount paid or other terms of the settlement, and Steve Dicharry, the authority's executive director, said he could not provide any details.

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