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Community Corner

SPI has only $11,216 in assets?

It appears that according to their 2012 IRS 990 tax filing, that was filed on September 4, 2013, SPI has only $11,216 in assets.

Is it possible that SPI would be allowed to take over a $50,000,000 county owned asset and overall operations if they only had $11,216 in assets?

Does this make any sense?

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