Las Vegas Sun

December 2, 2009

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Commissioners agree to timetable for bond sale

Tuesday, Jan. 9, 2001 | 12:23 p.m.

Only about half of the bonds will be sold in the spring. The rest will be sold in a year or so to avoid conflicts with federal tax laws.

Officials said tax-free bond money must be used within three years or else local governments face heavy penalties on the interest they earn.

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