Quote:
Originally Posted by English Ivy
The bonds your broker is referring to are not the same bonds the IRS is investigating. I believe they were the bonds to finish the infrastructure for district 8 and maybe starting district 9. Those bonds did not buy any recreational facilities or the right to collect ammenity fees.
If you want more details check it out on www.districtgov.org. |
English Ivy,
you are correct. these bonds are being sold by CDDs that are operating in the correct way. they should not be confused with the recreational revenue bonds issued by the sumter landing and village center districts. they are completely different, and to my knowledge, there is not the slightest question about them.
lauren