Business Advisory: IRS Issues Proposed Regulations and Closing Agreement Procedures for Hospital Acquisition Bonds
4/1/2002
On April 5, 2002, the IRS released proposed regulations supportive of the continued issuance of bonds in the context of hospital consolidations that are likely to spur the resumption of bond issues which finance consolidations of hospitals and other non-profit entities. Together with the proposed regulations, the IRS announced the establishment of a closing agreement program for outstanding hospital consolidation bond issues.
