41. Howell said the money for the refunds had been placed in an interest-bearing escrow account while state officials determined how many people were owed refunds. 42. If the yield from the escrow account is too high, the IRS could consider the new bonds taxable arbitrage investments and yank their coveted tax-free status. 43. If the buyer returns the object, the escrow account refunds his money. 44. In the process of refunding old, high-interest bonds, local governments put the proceeds of new, lower-rate issues into temporary escrow accounts. 45. In turn, the mortgage company distributes all property tax payments for her from an escrow account, as it does for many clients. 46. In the meantime, Pac Bell is keeping the money it owes in an interest-bearing escrow account. 47. Iraq also would have to pay for the monitors out of the escrow account. 48. Iraq also chafes at the requirement that money from oil sales go into an escrow account administered by the United Nations. 49. Iraq would not be able to import weapons, however, and would still have to deposit oil earnings in a U.N. escrow account. 50. Iraq also lost a bid to choose the bank to be used for an escrow account to be handled by the United Nations. |
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