private activity bond

(1) In general For purposes of this title, the term “private activity bond” includes any bond issued as part of an issue if the amount of the proceeds of the issue which are to be used (directly or indirectly) for the acquisition by a governmental unit of nongovernmental output property exceeds the lesser of— (A) 5 percent of such proceeds, or (B) $5,000,000.

Source

26 USC § 141(d)(1)

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Scoping language

None identified, default scope is assumed to be the parent (subpart A) of this section.

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