Talk of The Villages Florida - View Single Post - Latest Development in the IRS Tax-Exempt-Bond Investigation
Thread: Latest Development in the IRS Tax-Exempt-Bond Investigation
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Old 07-31-2011, 07:57 AM
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Russ_Boston Russ_Boston is offline
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Quote:
Originally Posted by The Shadow View Post
Did you read post 33?
OK. I was responding to the post I quoted but I get it.

Still not sure how the residents of TV would be responsible for any monetary fines though. If bonds were sold of the districts that we don't own or live in then how could we be to blame? Wouldn't it just be either the developer (issuer of the bonds) or the bond buyers who would sue the developer since their yield isn't tax free any longer?

Does anyone who has some experience with bonds have an opinion?