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IRS Audit Prompts New Mexico County to Convert Bonds Used for ICE Facility

Loaded on Oct. 10, 2017 by Joe Watson published in Prison Legal News October, 2017, page 50
Filed under: Management and Training Corporation, Corrections Audits, Immigration. Location: New Mexico.

by Joe Watson

An Internal Revenue Service audit of tax-free bonds used to develop an immigrant detention facility in New Mexico was closed once the bonds were converted to taxable status.

Otero County issued $62.3 million in tax-free revenue bonds in 2007 to finance the construction of an Immigration and ...

 

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