Private Activity Bond definition

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.

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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

• For private activity bonds, use Form 8038, Information Return for Tax-Exempt Private Activity Bond Issues.

• Section 5.1. Maintenance, Utilities, Taxes and Assessments 23 Section 5.2. Operation of Enterprise 24 Section 5.3. Public Liability and Property Damage Insurance 24 Section 5.4. Casualty Insurance 24 Section 5.5. Insurance Premiums; Self-Insurance 24 Section 5.6. Eminent Domain 25 Section 5.7. Records and Accounts 25 Section 5.8. Private Activity Bond Limitation 25 Section 5.9. Maintenance of Tax-Exemption 25 Section 5.10.

• The Executive Director recommends that the CMFA Board of Directors approve new accounts for the Preservation of Private Activity Bond Volume Cap at RBC.

• The Executive Director recommends that the CMFA Board of Directors approve a resolution authorizing the CMFA to borrow an amount not to exceed $5,000,000 from Western National Group for the Preservation of Private Activity Bond Volume Cap.

• The information furnished by the Company and used by the issuer in preparing I.R.S. Form 8038, "Information Return for Private Activity Bond Issues", which has been filed by or on behalf of the Issuer with the Internal Revenue Service Center in Philadelphia, Pennsylvania, pursuant to Section 103(l) of the Code, was true and complete as of the date of filing thereof.

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 a part or all of any bond (or,

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 or “bond” means any bond which requires an allocation pursuant to s. 146 of the Code.

Private Activity Bond means any bond or other obligation which is a qualified bond under Section 141 of the code which is not excluded by Section 146(g),(h) and (i) of the code, or a bond or other obligation issued under Section 1312 or 1313 of the Tax Reform Act of 1986; and the private activity portion of government use bonds allocated by an issuing authority to an issue under Section 141(b)(5) of the code.

Private Activity Bond means any obligation the interest on which is exempt from tax under Section 103 of the Code and which is an exempt facility bond, a student loan bond, a qualified mortgage bond, a qualified veterans' mortgage bond, a qualified small issue bond, a qualified redevelopment bond, or a qualified 501 (c)(3) bond.