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Getty audit.


Getty Audit: The J. Paul Getty Trust has retained its tax-exempt status after a two-year audit by the Internal Revenue Service, the Bond Buyer newspaper reported. The investigation, which covered compensation, grants and other expenditures at the trust, focused on $371 million in tax-exempt bonds issued by the California Infrastructure and Economic Development Bank on behalf of the non-profit trust. The bonds were issued to refund $95.6 million in certificates of participation used to finance construction at the Getty Museum in Los Angeles and construction at the Getty Villa, Bond Buyer
Bond Buyer
A daily publication featuring many essential statistics and index figures relevant to the fixed income markets.
 reported.
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Title Annotation:J. Paul Getty Trust
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1U9CA
Date:Aug 29, 2005
Words:93
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