Why does the IRS have Private Activity Bond Regulations?
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In general terms, the Private Activity Bond Regulations are intended to prevent tax-exempt bonds from being used to provide a benefit to a nongovernmental entity for a business purpose. What types of relationships with private companies are subject to the IRS Private Activity Bond Regulations? Following this Municipal Advisory is a Guidance section which includes descriptions of situations that could create a Private Activity Bond problem for a wastewater treatment or drinking water system. The Guidance is not definitive but instead is intended to alert you to situations that can create problems, including Payments from a Private Company, Special User Rates, and Management Contracts. Do the Private Activity Bond Regulations only apply to bonds being purchased by the State’s Clean Water Fund Program, Safe Drinking Water Loan Program or the Land Recycling Loan Program? No. The Private Activity Bond Regulations apply to municipal tax-exempt bonds regardless of who purchases the bonds. Why