Transcription of Tax-Exempt 501(c)(3) Bonds 101 - WHEFA
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National Association of Health and Educational Facilities Finance Authorities Ta x- exempt 501(c)(3) Bonds 101 January 2013 2 National Association of Health and Educational Facilities Finance Authorities What is a Municipal bond ? A debt instrument issued by a governmental issuer To issue a bond is to borrow money. A bond is the evidence of the debt. A bond typically specifies: (1) an obligation to pay, (2) a stated amount (the principal ), (3) at a given time (the maturity ), (4) with interest at a stated rate Structure and security for the bond may vary. For example: general obligation Bonds , limited obligation Bonds , Bonds with one maturity, Bonds with multiple maturities, fixed rate Bonds and variable rate Bonds .
National Association of Health and Educational Facilities Finance Authorities Tax-Exempt 501(c)(3) Bonds 101 January 2013
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Tax Exempt, Exempt, Organizations, Tax under Section, Inter nal Revenue Code, Tax exempt under Internal Revenue Code, Section, For the, Under, Tax Information Release No. 96-5, ATTENTION, Nonprofit Organizations, Government Entities, Steven L. Paul, Introduction to the Low-Income Housing Tax, Introduction to the Low-Income Housing Tax Credit, Low-income housing tax credit