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City officials are currently negotiating with the University of New England to reinstate a payment-in-lieu-of-taxes agreement after a three-year lapse. The university, with land and buildings assessed by the city to be worth $69.4 million, is tax-exempt because of its nonprofit status.
...Subpart B: Standards for Cleanup of Land and Buildings Contaminated with Residual Radioacti...
The Financial Accounting Standards Board's emerging issues task force reached a consensus on three issues concerning recourse obligations, lessor value guarantees and table funding mortgage loans. The task force determined that mortgage loans originated in a table funding arrangement should be accounted as if they were loan purchases. The entire guarantee amount for a first-loss or residual value lessor guarantee on land that is 25% or more of the lease's value should be allocated to the buildings for lease capitalization. Also, a transferor is obligated for all losses once a receivable has been transferred.
...Subpart B: Standards for Cleanup of Land and Buildings Contaminated with Residual Radioacti...
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