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Originally Posted by gomoho
FINALLY I got my answer to who issued and who is holding these bonds. Thank you Orlando Sentinel. As I understand this now, these bondholders may come back to the district for selling tax-free bonds that were not actually tax-free. Well that will be another lengthy court battle so I'm thinking we won't really know much for a long, long time.
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Perhaps, but if the legal opinion attached to the bonds highlighted the risk, and I do not know what it said, then it should be at the risk of the purchaser. In addition, those bondholders who bought years ago and held would probably have little or no loss since interest rates declined substantially. But you are likely correct. This will not be over for quite a while.