Reports to IRS; Form 8038. The Corporation will instruct and assist the County in filing all appropriate returns, reports and attachments to income tax returns required by the Code, including without limitation the Information Return for Tax-Exempt Private Activity Bond Issues (Form 8038). The information contained in Parts II through VI of IRS Form 8038 attached as Exhibit B was provided to the County and Bond Counsel by the Corporation, and such information is true, complete and correct as of the Issue Date.
Reports to IRS; Form 8038. The Corporation will instruct and assist the City in filing all appropriate returns, reports and attachments to income tax returns required by the Code, including without limitation the Information Return for Private Activity Bond Issues (Form 8038). The information contained in Parts II through VI of IRS Form 8038 attached as Exhibit C was provided to the City and Bond Counsel by the Corporation, and such information is true, complete and correct as of the Issue Date.
Reports to IRS; Form 8038. The Corporation will instruct and assist the County in filing all appropriate returns, reports and attachments to income tax returns required by the Code, including without limitation the Information Return for Tax-Exempt Private Activity Bond Issues (Form 8038). The information contained in Parts II through VI of IRS Form 8038 attached as Exhibit B was provided to the County and Bond Counsel by the Corporation, and such information is true, complete and correct as of the Issue Date. [**A list of expenditures to be reimbursed is included as part of Exhibit E.**] The Corporation specifically confirms the accuracy of the following information: Type of Property Financed by Nonrefunding Proceeds Amount Land $.00 Buildings and Structures .00 Equipment with Recovery Period of More Than 5 Years .00 Equipment with Recovery Period of 5 Years or Less .00 Other -- .00 Total -- (Should Equal Line 30 on Form 8038) $ 0.00 North American Industry Classification System (NAICS) of Property Financed by Non-Refunding Proceeds Classification Number Amount of Non Refunding Proceeds 623311 $0.00 .00 .00 .00 Total-- (Should Equal Line 30 on Form 8038) $ 0.00 (m) Hedge Bonds. The Corporation expects that (1) at least 85% of the net sale proceeds of the Bonds (the sale proceeds of the Bonds less any sale proceeds invested in a reserve fund) will be used to carry out the governmental purpose of the Bonds within 3 years after the Issue Date, and (2) not more than 50% of the proceeds of the Bonds will be invested in investments having a substantially guaranteed yield for 4 years or more.
Reports to IRS; Form 8038. The Institution will instruct and assist the Issuer in filing all appropriate returns, reports and attachments to income tax returns required by the Code, including without limitation the Information Return for Tax-Exempt Private Activity Bond Issues (Form 8038). The information contained in Parts II through VI of IRS Form 8038 attached as Exhibit B was provided to the Issuer and Bond Counsel by the Institution, and such information is true, complete and correct as of the Issue Date. The Institution has allocated $ of the Net Proceeds of the Bonds to reimburse expenditures made prior to the Issue Date and that amount should be reflected on Line 45a of Form 8038. A list of expenditures to be reimbursed is included as part of Exhibit E. The Institution specifically confirms the accuracy of the following information: Type of Property Financed by Nonrefunding Proceeds Amount Land $.00 Buildings and Structures .00 Equipment with Recovery Period of More Than 5 Years .00 Equipment with Recovery Period of 5 Years or Less .00 Other -- [**Add Description**] .00 Total -- (Should Equal Line 30 on Form 8038) $ 0.00 North American Industry Classification System (NAICS) of Property Financed by Non-Refunding Proceeds Classification Number Amount of Non Refunding Proceeds .00 .00 .00 .00 Total-- (Should Equal Line 30 on Form 8038) $ 0.00 (m) Hedge Bonds. The Institution expects that (a) at least 85% of the net sale proceeds of the Bonds (the sale proceeds of the Bonds less any sale proceeds invested in a reserve fund) will be used to carry out the governmental purpose of the Bonds within 3 years after the Issue Date, and (b) not more than 50% of the proceeds of the Bonds will be invested in investments having a substantially guaranteed yield for 4 years or more.
Reports to IRS; Form 8038. The Borrower will assist the Issuer in filing all appropriate returns, reports and attachments to income tax returns required by the Code, including without limitation the Information Return for Private Activity Bond Issues (Form 8038). The Borrower provided to the Issuer the information contained in Parts II through VI of IRS Form 8038, which is contained in the Transcript, and such information is true, complete and correct as of the Issue Date. The Borrower provides the following information regarding the Project for Part V of Form 8038: Line 31—Type of Property Financed by Nonrefunding Proceeds: a Land b Buildings and structures c Equipment with recovery period of more than 5 years d Equipment with recovery period of 5 years or less e Other (e.g., Site improvements) Line 32—North American Industry Classification System code for the Project: 531110. Line 41—Primary private users of the Project are the Borrower, employer identification number .
