WASHINGTON — Zapata County, Texas, may pay a settlement or refund bonds after an audit of $9.97 million of its debt by the Internal Revenue Service.

The county disclosed the information on the Municipal Securities Rulemaking Board's EMMA system on Aug. 15, saying it was working to resolve the tax law dispute, about six months after the IRS disclosed the audit. The potential settlement amount was not disclosed.

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.