Quote:
Originally Posted by villagerjack
The issuer of the bonds, The Center Districts, are paying a lower rate of interest to the bondholders who receive tax free income. Now that interest rates have come down substantially (creeped up last week) The "problem" is lessened and it may be an advantageous time to buy back those bonds with Developer assistance and issue taxable bonds. Maybe a hybrid, Fed Taxable, Fl Tax free would work.?
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If what you say is correct- "the bondholders who receive tax free income" how in the world could residents in TV be held responsible for their tax debt?
Even if the were sold as "tax free bonds" wouldn't it be a "buyer beware" situation?