# Arbitrage and Private Activity Restrictions Applicable to Tax-exempt Bonds Issued by State and Local Governments; Investment-type Property (prepayment); Private Loan (prepayment)
> **IRS** · Final regulations. · Published 2003-08-04 · Effective 2003-10-03 · 68 FR 45772
## Document
- **Document number:** 03-19644
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 68 FR 45772
- **CFR reference:** 26 CFR 1
- **Publication date:** 2003-08-04
- **Effective date:** 2003-10-03
- **Treasury docket:** TD 9085
## Abstract

This document contains final regulations on the arbitrage and private activity restrictions applicable to tax-exempt bonds issued by State and local governments. These regulations affect issuers of tax- exempt bonds and provide guidance on the definitions of investment-type property and private loan to help issuers comply with the arbitrage and private activity restrictions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2003/08/04/03-19644/arbitrage-and-private-activity-restrictions-applicable-to-tax-exempt-bonds-issued-by-state-and-local)
---
*AI Analytics · CC0 1.0*