Public Finance: Powell Goldstein LLP, Law Firm

Public Finance

IRS Launches New Compliance Audit Initiative Targeting Hospital Bond Issues - 05/16/06
Public Law & Finance
May 16, 2006

Robert C. Lewinson

Do you have outstanding tax-exempt bonds? The IRS recently announced that it was launching a new audit initiative, targeting qualified 501(c)(3) bond issues in general, and hospital bond issues in particular. Audits will focus primarily on post-closing compliance by bond issuers and conduit borrowers - especially focusing on private use, federal research agreements, management contracts and lease arrangements.

SEC Proposes Rules To Accelerate Due Dates For Periodic Reports And To Disclose Certain Management Transactions - 04/17/02

On April 11, 2002, the Securities and Exchange Commission announced proposed rules (i) accelerating periodic report filing dates; (ii) requiring disclosure concerning website access to periodic reports; and (iii) mandating Form 8-K disclosure regarding certain management transactions. Each of these proposed rules, assuming they are adopted, will likely have a substantial effect on a

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Julius W. Hobson, Jr.


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