Non-Purpose Investments
Investment property other than purpose investments.
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).
See Also
Investment property other than purpose investments.
Purpose investments that meet certain rules set forth in Treasury Regulations Section 1.148-1(b).
The type of offering document circulated prior to the determination of the interest rates and certain other terms of the bonds when it is anticipated or known the bonds will be purchased by an underwriter and resold to the public.