Private Activity Bond means (a) obligations of an issue more than 10% of the Proceeds of which, directly or indirectly, are or are to be used for a Private Business Use and more than 10% of the Debt Service on which, directly or indirectly, is or is to be paid from or secured by payments with respect to property, or secured by property, used for a Private Business Use, or (b) obligations of an issue, the Proceeds of which are or are to be used to make or finance loans to any Private Person that, in the aggregate, exceed the lesser of 5% of such Proceeds or $5,000,000. In the event of Unrelated or Disproportionate Use, the tests in (a) shall be applied by substituting 5% for 10% each place the latter term is used.
Private Activity Bond means a private activity bond as defined in Section 141 of the Code.
Private Activity Bond means a part or all of any bond (or other instrument) required to obtain an
Examples of Private Activity Bond in a sentence
Bonds issued by the ASLC are tax-exempt and generally subject to the Private Activity Bond (PAB) ceiling established by the Tax Reform Act of 1986.
As provided in Section 147(g) of the Code, the costs of issuance financed by the proceeds of Private Activity Bonds issued to finance Qualified Residential Rental projects may not exceed 2% of the proceeds of the Private Activity Bond issue.
The Authority conducts a Private Activity Bond Financing Program.
Any organization applying for Industrial Development Bonds is required to submit a performance deposit to the Authority equal to 0.5% of the amount of the Qualified Private Activity Bond Allocation being requested, not to exceed $100,000.
Private Activity Bond reservation fees are due within 5 business days of bond issuance.
More Definitions of Private Activity Bond
Private Activity Bond means any bond described in s. 141 of the Code.
Private Activity Bond means any Governmental Obligation if (i) there is more than 10% Private Use of the Proceeds of the obligations and more than 10% of the principal of or interest on the obligations is secured or to be paid, either directly or indirectly, by any Private User; (ii) more than the lesser of 5% of the Proceeds of the obligations or $5,000,000 is used to make Private Loans; (iii) there is more than 5% in the aggregate of Unrelated Private Use and Disproportionate Private Use and more than 5% of the principal of or interest on the obligations is secured or to be paid, either directly or indirectly with respect to or from property financed with the Proceeds of the obligations that is used in an Unrelated Private Use or Disproportionate Private Use; all as described in Section 141 of the Code.
Private Activity Bond means (i) obligations of an issue more than ten percent of the Proceeds of which are or are to be used for a Private Business Use and more than ten percent (five percent in each case for either unrelated or disproportionate Private Business Use) of the Debt Service on which is or is to be paid from or secured by payments with respect to property, or secured by property, used for a Private Business Use, or (ii) obligations of an issue five percent or more of the Proceeds of which are or are to be used to make or finance loans to any Private Person.
Private Activity Bond means a part or all of any bond (or,
Private Activity Bond has the meaning given to that term by Section 141 of the Code.
Private Activity Bond means (a) obligations of an issue more than 10% of the Proceeds of which, directly or indirectly, are or are to be used for a Private Business Use and more
Private Activity Bond means (a) obligations of an issue more than 10% of the Proceeds of which, directly or indirectly, are or are to be used for a Private Business Use and more than 10% of the Debt Service on which, directly or indirectly, is or is to be paid from or secured by payments with respect to property, or secured by property, used for a Private Business Use, or (b)