WASHINGTON — The Fannin County Public Facility Corp. in Texas is negotiating with the Internal Revenue Service to settle a dispute over $30.78 million of revenue bonds it issued in 2008 to finance a jail.

The issuer anticipates finalizing a closing agreement under which it will make a payment to the IRS and issue taxable refunding bonds to redeem the series 2008 bonds, according to an event notice filed on the Municipal Securities Rulemaking Board’s EMMA system Friday.

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