WASHINGTON -- U.S. attorneys are now arguing that a federal law would allow the Riverside County Housing Authority to rebate $2.25 million of arbitrage profits from the Whitewater Garden multifamily housing deal and then seek a refund through the U.S. Claims Court.

This latest argument that the authority has alternative remedies to an injunction against the Internal Revenue Service and the Treasury, was first raised by the U.S. attorneys after last week's hearing in the U.S. District Court for the Central District of California and has led lawyers on both sides of the case to propose a week's delay in the proceedings.

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