Monthly Archives

May 2012

501(c)(3)
May 17, 2012

When A Municipality Or 501(c)(3) Sells Assets

Generally To raise needed funds, state and local governments and 501(c)(3) organizations may plan to sell property financed with tax-exempt bonds. The sale of such property could cause the bond issue to become taxable. A timely remedial action, if necessary, will help ensure that the interest on the bond issue…
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Municipal/Local Government Debt
May 17, 2012

When A Municipality Or 501(c)(3) Sells Assets

Generally To raise needed funds, state and local governments and 501(c)(3) organizations may plan to sell property financed with tax-exempt bonds. The sale of such property could cause the bond issue to become taxable. A timely remedial action, if necessary, will help ensure that the interest on the bond issue…
Read More