Section 02 - Form 8038

Section 02 alpha designators, title, location and field lengths are listed below:

Field

Title

Form 8038

Field Lengths

0211A

Airport Issue Price Amount

Part II, Line 11a -

15

0211B

Docs and Wharves Issue Price Amount

Part II, Line 11b

15

0211C

Water Furnishing Fac Issue Price Amount

Part II, Lines 11c

15

0211D

Sewage Fac Issue Price Amount

Part II, Line 11d

15

0211E

Solid Waste Disp Fac Issue Price Amount

Part II, Line 11e

15

0211F

Qualified Residential Rent Project Issue Price Amount

Part II, Line 11f

15

0211G

Fac for Loc Furn Elec or Gas Issue Price Amount

Part II, Line 11g

15

0211H

Fac under Trans Rul TRA 1986 Issue Price Amount

Part II, Line 11h

15

0211I

Qual Ent Zone Fac Sect 1394 Issue Price Amount

Part II, Line 11i

15

0211J

Qual Empowr Zn Fac Sect 1394f Issue Price Amount

Part II, Line 11j

15

0211K

Qual Brdband Proj Issue Price Amount

Part II, Line 11k

15

0211L

Qual Public Ed Fac 142a13 Issue Price Amount

Part II, Line 11l

15

0211M

Qual Grn Bldng Dsgn Proj 142a14 Issue Price Amount

Part II, Line 11m

15

0211N

Qual Hwy Surf Frt Trns 142a13 Issue Price Amount

Part II, Line 11n

15

0211O

Carbon Diox Fac Issue Price Amount

Part II, Line 11o

15

0211P

NY Lib Zone Proj 1400Ld Issue Price Amount

Part II, Line 11p

15

0211Q

Other Issue Price Amount

Part II, Line 11q

15

0211X

Special Additional Write in Field Issue Price Amount (currently used for 2008 Housing Act Qualified for Housing under 142)

Part II, Line 11x

15

0211Y

Special Additional Write in Field Issue Price Amount (currently used for Midwestern Disaster Exempt Facility Bonds)

Part II, Line 11y

15

0211Z

Special Write in Field Issue Price Amount (currently used for Hurricane Ike Exempt Facility Bonds)

Part II, Line 11z

15

0212A

Qual Mortgage Bond Sect 143a Issue Price Amount

Part II, Line 12a

15

0212B

Other Issue Price Amount

Part II, Line 12b

15

0212D

Special Additional Write in Field Other Issue Price Amount (currently used for Hurricane Ike Mortgage Bonds)

Part II, Line 12d

15

0213

Qual Vet Mortgage Sect 143b Issue Price Amount

Part II, Line 13

15

0214

Qual Small Issue Sect 144a Issue Price Amount

Part II, Line 14

15

0215

Qual Student Loan Sect 144b Issue Price Amount

Part II, Line 15

15

0216

Qual Redvlpmnt Sect 144c Issue Price Amount

Part II, Line 16

15

0217

Qual Hospital Sect 145c Issue Price Amount

Part II, Line 17

15

0218

Qual 501c3 Nonhosp 145b Issue Price Amount

Part II, Line 18

15

0219

Nongvmtl Output Property 141d Issue Price Amount

Part II, Line 19

15

0220A

Other Issue Price Amount

Part II, Line 20a

15

0220B

NY Lib Zn Adv Ref Sect 1400Le Issue Price Amount

Part II, Line 20b

15

0220C

Other Issue Price Amount

Part II, Line 20c

15

0220Z

Special Additional Write in Field Issue Price Amount (currently used for 2008 Housing Act Qualified Housing under 143)

Part II, Line 20z

15

Fields 0211a - 0220z are the Issue Price Amounts and is 15 positions. Each issue price amount field may have an entry, and located on the Form 8038 in Part II, lines 11a - 20z (see IRM 3.12.26.6 above for specific fields and locations).

Field is dollars only.

If at least one issue price amount isn't present.

Is not numeric.

Refer to the return to verify the entries.

Correct any coding or transcription errors.

Enter the amount(s) as entered on Lines 11a - 20z.

If

Then

Part II, line 20c (other) has wording similar to any of the following:

Clean Renewable Energy Bond

Qualified Zone Academy Bond

Qualified Energy Conservation bond

Midwestern Disaster Tax Credit Bond

Qualified School Construction Bond

Qualified School construction Bonds (Indian Schools),

enter SSPND 211.

Part II, line 20c (other) has wording similar to "2008 Housing Act Qualified Housing Issue under 142" ,

enter (convert) line 20c to 11x.

Part II, line 20c (other) has wording similar to "2008 Housing Act Qualified Housing Issue under 143" ,

enter (convert) line 20c to read 20z.

Part II, line 11q (other) has the wording "Midwestern Disaster Exempt Facility Bonds" present or contained in the attachments,

enter (convert) line 11q to read 11y.

Part II, line 11q (other) has the wording "Hurricane Ike Exempt Facility Bonds" present or contained in the attachments,

enter (convert) line 11q to read 11z.

Part II, line 20c (other) has the wording "Midwestern Disaster Mortgage Bonds" present or contained in the attachments,

enter (convert) line 20c read 12c.

Part II. line 20c (other) has the wording "Hurricane Ike Mortgage Bonds" present or contained in the attachments,

enter (convert) line 20c to read 12d.

two money amounts are present, and one of the amounts is listed as "other" on line 20c,

Compare the issue prices in Part II, lines 11a - 20c against the issue price in Part III, line 21(b).

If all three match, circle out the money amount on line 20c.

the type of issue and the issue price are blank, and Part III, line 21(b) has an entry,

enter the amount from Part III, line 21(b) to Part II, line 20c.

more than one bond is listed on line 11q (Other),

split the dollar amount between the number of bonds listed and follow instructions in b-g above.

more than one bond is listed on line 20c (Other),

split the dollar amount between the number of bonds listed and follow instructions in b-g above

Part II, lines 11a - 20c are blank, and can’t be perfected,

enter SSPND 211.

at least one issue price amount can't be determined,

enter SSPND 211.

Rejects will:

If

Then

a reply is received,

perfect the return.

the issuers reply indicates more than one issue amount,

Correct using the issue amounts as indicated in each issue price amount field.

Enter the total of all entries in 11a-20z in Field 0321B (line 22) and Field 0323 (line 23).

the reply is incomplete or a no reply,

enter CCC "3" and enter "1" in Fields 0220C, 0321B and 0323.

Field 0321B is the Entire Issue Price of the Bond, located on Form 8038 in Part III, line 21b and is 15 positions.

The field is dollars only.

Correct any coding or transcription errors.

If

Then

line 21b is blank, and there are entries in lines 11a through 20z,

Add the amounts on lines 11a through 20z.

Enter the total in Field 0321B and Field 0323.

you can’t perfect it,

SSPND 211.

Rejects will:

If

Then

a reply is received,

perfect the return.

the issuers reply indicates more than one issue amount,

correct using the issue amounts as indicated in each issue price amount field.

the reply is incomplete or no reply is received,

enter CCC "3" and enter a "1" in Field 0221B. Continue processing.

Field 0321C is the Stated Redemption Maturity Amount is located on Form 8038 in Part III, line 21c and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0321D is the Weighted Average Maturity Years, located on Form 8038 in Part III, line 21d and is 4 positions.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0321E is the Yield Percentage, located on Form 8038 in Part III, line 21e and is 6 positions.

The field is valid if blank.

If not numeric or VR (for variable rate) only.

Correct any coding or transcription errors.

Field 0322 is the Proceeds for Accrued Interest Amount, located on Form 8038 in Part IV, line 22 and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0323 is the Proceeds for Entire Issue Amount, located on Form 8038 in Part IV, line 23 and is 15 positions.

The field is dollars only.

Correct any coding or transcription errors.

If line 23 is blank, enter the amount from line 21b, in Field 0323.

Field 0324 is the Proceeds for Bond Issue Amount, located on Form 8038 in Part IV, line 24 and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

If

Then

blank,

perfect from the document or attachments

blank, and the computations (line 23 minus line 29 (total of lines 24-28) equal line 30) are correct,

leave Field 0324 (Part IV, line 24) blank.

blank, and unable to perfect from the document or attachments and the computations in lines 23 through 30 don’t match the entry on line 30,

SSPND 211.

Rejects will:

After reply is received, perfect the return.

If reply is incomplete or no reply is received, enter CCC "3" and continue processing.

Field 0325 is the Proceeds for Credit Enhancement Amount, located on Form 8038 in Part IV, line 25 and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0326 is the Proceeds to Reserve or Replacement Fund Amount, located on Form 8038 in Part IV, line 26 and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0327 is the Proceeds for Current Refund Amount, located on Form 8038 in Part IV, line 27 and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0328 is the Proceeds for Advance Refund Amount, located on Form 8038 in Part IV, line 28 and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0329 the Total Proceeds Amount is located on Form 8038 in Part IV, line 29 and is 15 positions.

The field is dollars only.

Correct any coding or transcription errors.

Field 0330 is the Net Non Refunding Proceeds Amount, located on Form 8038 in Part IV, line 30 and is 15 positions.

The field is dollars only.

Correct any coding or transcription errors.

If

Then

blank,

perfect from attachments.

blank, and the computations on Field 0323 and 0329 are correct,

Compute Field 0330 by subtracting Field 0329 (line 29) from Field 0323 (line 23).

Enter the results in Field 030 (line 30).

blank, and unable to perfect from document or attachments or Field 0330 (line 30) computation doesn't match Fields 0323 through 0329 computations,

SSPND 211.

Rejects will:

If

Then

a reply is received,

perfect the return.

no reply or the reply is incomplete,

Enter CCC "3" .

Continue processing.

Field 0331A is the Non Refunding Land Proceeds Amount, located on Form 8038 in Part V, line 31a and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0331B is the Non Refunding Buildings and Structures Proceeds Amount, located on Form 8038 in Part V, line 31b and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0331C is the Non Refunding Equipment Greater than 5 Years Recovery Amount, located on Form 8038 in Part V, line 31c and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0331D is the Non Refunding Equipment Less than 5 Years Amount, located on Form 8038 in Part V, line 31d and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0331E is the Non Refunding for Other Property Proceeds Amount, located on Form 8038 in Part V, line 31e and is 15 positions.

The field is dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0332A is the First NAICS Code, located on Form 8038 in Part V, Line 32a and is 6 positions.

The field may be alpha and numeric.

There’s an entry in Field 0332A (line 32a code) and Field 0332B (line 32a $) is blank.

There’s an entry in Field 0332B (line 32a $) and Field 0332A (line 32a code) is blank.

Correct any coding or transcription errors.

Refer to the table below for Part V, Lines 32a through 32d, NAICS Code and NAICS Amount for Non-refunding Proceeds correction procedures.

If

Then

there are no codes or amounts present,

Perfect from attachments.

If can't be perfected, leave blank.

a code is present, but missing a corresponding amount,

Perfect from attachments.

If it can't be perfected, edit a "1" in the amount.