Qualified Zone Academy Bonds; Obligations of States and Political Subdivisions
other · IRS · Rule · Published 2010-07-30 · Effective 2010-07-30 · 75 FR 44901
Document
Document number
2010-18678
Federal Register citation
75 FR 44901
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations and removal of temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2010-07-30
Effective date
2010-07-30
Treasury docket
TD 9495
Abstract
This document removes the temporary regulations and provides final regulations that provide guidance to state and local governments that issue qualified zone academy bonds and to banks, insurance companies, and other taxpayers that hold those bonds on the program requirements for qualified zone academy bonds. The final regulations implement the amendments to section 1397E (discussed in this preamble) and provide guidance on the maximum term, permissible use of proceeds, and remedial actions for qualified zone academy bonds.