bond-basics

Non-Purpose Investments

Investment property other than Purpose Investments.


In Contrast With

Purpose Investment

Investment property acquired to carry out the purpose of a governmental program for which the bonds are issued (i.e., conduit loans, mortgage notes, mortgage-backed securities and student loan obligations).

Hudson Yards Rail Yards

Start with the Bond Basics

Special Tax Counsel

An attorney or firm of attorneys engaged to render opinions on the federal and/or state tax exemption for tax-exempt bonds and those aspects of the transaction relating to whether the tax-exempt bonds qualify for federal tax exemption and, in some cases, state tax exemption.