WASHINGTON -- A regional education service center may issue tax-exempt bonds on behalf of its state or local governments, the Internal Revenue Service concluded in a recent letter ruling.

The center, which was not identified in private letter ruling 9430025, was established under state law at the request of several local boards of education to help improve the quality of public education in the area.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.