bond-basics

Program Investment

Purpose Investments that meet certain rules set forth in Treasury Regulations Section 1.148-1(b).

See Also

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).

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Blue Sky Laws

State securities laws, which regulate the offering of securities. Although these laws vary from state to state, most contain provisions concerning (a) prohibitions against fraud; (b) regulation of brokers and dealers doing business in the state; and (c) registration of Securities.