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| Bond Issues | 1 |
| Capital Outlay (for Fixed… | 1 |
| Compliance (Legal) | 1 |
| Elementary Secondary Education | 1 |
| Investment | 1 |
| Money Management | 1 |
| Public Schools | 1 |
| School Accounting | 1 |
| School Funds | 1 |
| School Taxes | 1 |
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| Anderson, David | 1 |
| Brennan, William | 1 |
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| Journal Articles | 1 |
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| Tax Reform Act 1986 | 1 |
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Anderson, David; Brennan, William – American School Board Journal, 1988
With passage of the Tax Reform Act of 1986, school systems became liable to the federal government for any profits earned on tax-exempt bonds. Understanding the requirements is essential for any board facing significant capital financing. Outlines requirements, exceptions to the rule, penalties, costs, and debt planning. (MLF)
Descriptors: Bond Issues, Capital Outlay (for Fixed Assets), Compliance (Legal), Elementary Secondary Education
