WASHINGTON -Clinton County, Ohio, has settled tax law disputes with the Internal Revenue Service over two hospital revenue bond issues totaling over $300 million, using an unidentified third-party payment to fund the settlement in order to protect the tax-exempt status of the bonds.

The county disclosed the settlement in a material event notice filed Wednesday with the nationally recognized municipal securities information repositories. Neither the notice, nor the individuals connected with the transaction, would disclose the third party or the amount it paid under the settlement.

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