Conduit Financing
Financing in which the Issuer issues the bonds to finance a project to be used primarily by a third party.
The Issuer in a Conduit Financing.
See Also
Financing in which the Issuer issues the bonds to finance a project to be used primarily by a third party.
Bonds issued by an Issuer in a conduit financing.
The private business that either receives the proceeds of the tax-exempt bonds through a loan by the issuer to fund all or a portion of a capital project or leases the facility financed with the proceeds of the tax-exempt bonds.
Congress passed the Tax Cuts and Jobs Act (TCJA) in 2017. The large tax bill passed under reconciliation rules made major changes to the Internal Revenue Code (IRC), including the elimination of tax-exempt advance refunding bonds.