March 7, 2003

Supreme Court Lets Stand Ruling on Tax-Exempt Bonds

By JEFFREY SELINGO

The U.S. Supreme Court last week let stand an appeals-court ruling that said a government agency in Tennessee could legally issue tax-exempt municipal bonds to help build facilities at Lipscomb University, even though the institution is "pervasively sectarian." The court's action, which came without comment, ends a 12-year legal fight.

In 1991, Lipscomb, which is affiliated with the Church of Christ, applied for $15-million in bonds for campus projects, including a new library and

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