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).
bond-basics
Program Investment
Purpose Investments that meet certain rules set forth in Treasury Regulations Section 1.148-1(b).
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Form 8038 (IRS)
Form required to establish and maintain the federal income tax-exempt status of the interest on tax-exempt bonds. Known as Form 8038-G for governmental bonds.