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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 26 - Internal Revenue |
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Chapter I - Internal Revenue Service, Department of the Treasury |
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SubChapter A - Income Tax |
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Part 1 - Income Taxes |
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Regulations Applicable to Certain Bonds Sold Prior to July 8, 1997 |
§ 1.148-2A - General arbitrage yield restriction rules.
Latest version.
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§ 1.148-2A General arbitrage yield restriction rules.
(a) through (b) (2)
(i) [Reserved]. For guidance see § 1.148-2.
(b)(2)(ii) Exceptions to certification requirement. An issuer is not required to make a certification for an issue under § 1.148-2(b)(2)(i) if -
(A) The issuer reasonably expects as of the issue date that there will be no unspent gross proceeds after the issue date, other than gross proceeds in a bona fide debt service fund (e.g., equipment lease financings in which the issuer purchases equipment in exchange for an installment payment note); or
(B) The issue price of the issue does not exceed $1,000,000.
[T.D. 8538, 59 FR 24042, May 10, 1994. Redesignated by T.D. 8718, 62 FR 25507, May 9, 1997]