26 CFR § 1.147(b)-1 - Bond maturity limitation-treatment of working capital.
Section 147(b) does not apply to proceeds of a private activity bond issue used to finance working capital expenditures.
[T.D. 8476, 58 FR 33515, June 18, 1993]
Section 147(b) does not apply to proceeds of a private activity bond issue used to finance working capital expenditures.