# Obligations of States and Political Subdivisions
> **IRS** · Final regulations. · Published 2005-12-19 · Effective 2006-02-17 · 70 FR 75028
## Document
- **Document number:** 05-23944
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 70 FR 75028
- **CFR reference:** 26 CFR 1
- **Publication date:** 2005-12-19
- **Effective date:** 2006-02-17
- **Treasury docket:** TD 9234
## Abstract

This document contains final regulations on the definition of private activity bond applicable to tax-exempt bonds issued by State and local governments. These regulations affect issuers of tax-exempt bonds and provide needed guidance for applying the private activity bond restrictions to refunding issues.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2005/12/19/05-23944/obligations-of-states-and-political-subdivisions)
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