Refunding
A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.
A type of refunding transaction in which the Refunding Bonds are issued more than 90 days before the Redemption or final Maturity, whichever is earlier, of the Refunded Bonds.
See Also
A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.
A refunding in which all refunded Bonds are redeemed within ninety days of the issuance of the refunding bonds.
Any use of Bond proceeds in a trade or business carried on by a person other than a governmental unit. The private business tests are used in part to establish whether a bond is a private activity bond (PAB).