Protecting The Status of Your Tax-Exempt Bonds


Hospitals, health systems and nursing homes, (“institutional providers”) often finance major capital improvements, acquisitions and other growth by issuing tax-exempt government bonds. Indeed, the January 7, 2002 issue of Modern Healthcare magazine, reports that not-for-profit hospitals and health systems sold almost $20.1 billion in tax exempt bonds in 2001. We offer this caution to all institutional providers with tax exempt bonds: engaging in certain transactions including management and service contracts poses a risk of jeopardizing the tax-exempt status of your bonds.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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