Proceeds

Proceeds means the sale proceeds of an issue (other than those sale proceeds used to retire bonds of the issue that are not deposited in a reasonably required reserve or replacement fund). Proceeds also include any investment proceeds from investments that accrue during the project period (net of rebate amounts attributable to the project period). Disposition proceeds of an issue are treated as proceeds to the extent provided in 1.14112. The Commissioner may treat any replaced amounts as proceeds.

Source

26 CFR § 1.141-1


Scoping language

None
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