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).

See Also

Program Investment

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

Hudson Yards Rail Yards

Start with the Bond Basics

501(c)(3) Organization

An organization that is exempt from federal income taxation under Section 501(a) of the Code.