Section 03 - Form 8038-T

Section 03 Alpha Designators, Title, Location and Field Lengths are listed below:

Field

Title

Form 8038-T

Field Lengths

0311

Entire Issue Price

Part I, Line 11

15

0312D

Rebate Yield Reduction Computation Date

Part II, Line 12

8

0313B

Less than 100% Rebate Box

Part II, Line 13

1

0313

Rebate Amount

Part II, Line 13

15

0314B

Less than 100% Yield Reduction Box

Part II, Line 14

1

0314

Yield Reduction Payment Amount

Part II, Line 14

15

0315

QZAB Escrow Amount

Part II, Line 15

15

0316

Months Since Issue Date

Part III, Line 16

1

0317

Penalty in Lieu of Rebate Amount

Party III, Line 17

15

0318D

Termination Date

Part III, Line 18

8

0319

Penalty Upon Termination Amount

Part III, Line 19

15

0320B

Failure to Pay Timely Penalty Waiver Box

Part IV, Line 20

1

0321

Failure to Pay Timely Penalty Amount

Part IV, Line 21

15

0322

Interest on Underpayment Amount

Part IV, Line 22

15

0323

Total Payment Amount

Part V, Line 23

15

Total Payment Amount Computer

Computer generated

15

0324

Unspent Proceeds Amount

Part VI, line 24

15

0325

Proceeds Used to Redeem Bonds Amount

Part VI, Line 25

15

0326

Proceeds for GICs Escrows Amount

Part VI, Line 26

15

0327

Fees for Guarantee Amount

Part VI, Line 27

15

0328B

Variable Rate Box

Part VI, Line 28

1

0329B

Hedge Agreement Box

Part VI, Line 29

1

0330B

Proceeds Invested GIC Box

Part VI, Line 30

1

0331B

Proceeds Invested Beyond Period Box

Part VI, Line 31

1

0332B

Issuer Preparer Box

Part VI, Line 32

1

0331B

Proceeds Invested Beyond Period Box

Part VI, Line 31

1

0332B

Issuer Preparer Box

Part VI, Line 32

1

0331B

Proceeds Invested Beyond Period Box

Part VI, Line 31

1

0332B

Issuer Preparer Box

Part VI, Line 32

1

03SIG

Signature code

Signature on return

1

03PRE

Preparation Code

Right margin of the preparer's PTIN line

1

03PSN

Preparer PTIN

Part II Signature block

9

03PEN

Preparer EIN

Part II Signature block

9

03PTN

Preparer Telephone #

Part II Signature block

10

Field 0311 is the Entire Issue Price, located in Part I, line 11 and is 15 positions.

The field is dollars only.

Correct any coding or transcription errors.

If you’re unable to perfect the document, SSPND 211.

Rejects will:

If

Then

a reply is received,

Enter the correspondence received date in Field 01CRD.

Perfect the return.

no reply or incomplete reply is received,

Enter CCC 3.

Enter "1" in Field 0311.

Field 0312D is the Rebate Yield Reduction Computation Date, located in Part II, line 12 and is 8 positions.

The field is valid if blank.

It’s not in YYYYMMDD format.

If the Rebate Yield Reduction Computation Date is a date later than the current date.

Correct any coding or transcription errors.

If

Then

the rebate yield reduction computation date is a date later than the current date,

delete the date.

Field 0313B is the Less than 100% Rebate Check Box, located in Part II, line 13 and is 1 position.

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a code of "1" in Field 0313B.

Field 0313 is the Rebate Amount, located in Part II, line 13 and is 15 positions.

The field is valid if blank.

If transcribed, it’ll be in dollars only.

Correct any coding or transcription errors.

Field 0314B is the Less than 100% Yield Reduction Check Box, located in Part II, line 14 and is 1 position.

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a code of "1" in Field 0314B.

Field 0314 is the Yield Reduction Payment Amount, located in Part II, line 14 and is 15 positions

If transcribed, it’ll be in dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0315 is the QZAB Escrow Amount, located in Part II, line 15 and is 15 positions.

If transcribed, it will be dollars only.

The field is valid if blank.

Correct any coding or transcription errors.

Field 0316 is the Months Since Issue Date, located in Part III, line 16 and is 1 position.

The field is valid if blank.

The field is not valid if not "1" , "2" , "3" , "4" , or "5"

Correct any coding or transcription errors.

If

Then

the first box is checked,

enter a code of "1" in Field 0316.

the second box is checked,

enter a code of "2" in Field 0316.

the third box is checked,

enter a code of "3" in Field 0316.

the fourth box is checked,

enter a code of "4" in Field 0316.

the fifth box is checked,

enter a code of "5" in Field 0316.

Field 0317 is the Penalty in Lieu of Rebate Amount, located in Part III, line 17 and is 13 positions.

The entry is valid if blank.

If transcribed, it’ll be in dollars only.

Correct any coding or transcription errors.

Field 0318 is the Termination Date, located in Part III, line 18 and is 8 positions

The field is valid if blank.

Correct any coding or transcription errors.

Field 0319 is the Penalty Upon Termination Amount, located in Part III, line 19 and is 15 positions.

The entry is valid if blank.

If transcribed, it’ll be in dollars only.

Correct any coding or transcription errors.

Field 0320B is the Failure to Pay Timely Penalty Waiver Check Box, located in Part IV, line 20 and is 1 position.

Correct any coding or transcription errors.

If

Then

"yes" is checked,

enter a code of "1" in Field 0320B.

"no" is checked,

enter a code of "2" in Field 0320B.

Field 0321 is the Penalty For Failure to Pay Rebate Amount, located in Part IV, line 21 and is 15 positions.

The entry is valid if blank.

If transcribed, it’ll be in dollars only.

Correct any coding or transcription errors.

Field 0322 is the Interest on Underpayment Amount, located in Part IV, line 22 and is 15 positions.

The entry is valid if blank.

If transcribed, it’ll be in dollars only.

Correct any coding or transcription errors.

Field 0323 is the Total Payment Amount, located in Part V, line 23 and is 15 positions.

The entry is valid if blank.

It’s transcribed in dollars and cents.

It’s not numeric.

Blank and lines 13, 14, 15, 17, 19, 21 and 22 has an amount.

Blank and RMIT> has an amount.

Correct any coding or transcription errors.

If

Then

Field 0323 is blank,

Add lines 13, 14, 15, 17, 19, 21 and 22.

Enter the total amount in Field 032

Field 0323 is blank, and lines 13, 14, 15, 17, 19, 21 and 22 are blank, but RMIT> has an amount,

Enter the green rocker remittance amount to Field 0323.

Field 0324 is the Unspent Proceeds Amount, located in Part VI, line 24 and is 15 positions.

The entry is valid if blank.

If transcribed, it’s in dollars only.

Correct any coding or transcription errors.

Field 0325 is the Proceeds Used to Redeem Bonds Amount, located in Part VI, line 25 and is 15 positions.

The entry is valid if blank.

If transcribed, it’s in dollars only.

Correct any coding or transcription errors.

Field 0326 is the Proceeds for GICs Escrow Amount, located in Part VI, line 26 and is 15 positions.

The entry is valid if blank.

If transcribed, it’s in dollars only.

Correct any coding or transcription errors.

Field 0327 is the Fees for Guarantee Amount, located in Part VI, line 27 and is 15 positions.

The entry is valid if blank.

If transcribed, it’s in dollars only.

Correct any coding or transcription errors.

Field 0328B is the Variable Rate Check Box, located in Part VI, line 28 and is 1 position.

Correct any coding or transcription errors.

If

Then

"yes" is checked,

enter a code of "1" in Field 0328B.

"no" is checked,

enter a code of "2" in Field 0328B.

Field 0329B is the Hedge Agreement Check Box, located in Part VI, line 29 and is 1 position.

Correct any coding or transcription errors.

If

Then

"yes" is checked,

enter a code of "1" in Field 0329B.

"no" is checked,

enter a code of "2" in Field 0329B.

Field 0330B is the Proceeds Invested GIC Check Box, located in Part VI, line 30 and is 1 position.

Correct any coding or transcription errors.

If

Then

"yes" is checked,

enter a code of "1" in Field 0330B.

"no" is checked,

enter a code of "2" in Field 0330B.

Field 0331B is the Proceeds Invested Beyond Period Check Box, located in Part VI, line 31 and is 1 position.

Correct any coding or transcription errors.

If

Then

"yes" is checked,

enter a code of "1" in Field 0331B.

"no" is checked,

enter a code of "2" in Field 0331B.

Field 0332B is the Issuer Preparer Check Box, located in Part VI, line 32 and is 1 position.

Correct any coding or transcription errors.

If

Then

"Issuer" is checked,

enter a code of "1" in Field 0332B.

"Preparer" is checked,

enter a code of "2" in Field 0332B.

03SIG is the Signature Code, located in the right margin of the Signature line and is 1 position.

It’s not numeric.

The entry is other than 1 (signature present) or 3 (signature not present) after correspondence and no reply.

Correct any coding or transcription errors.

If

Then

a signature is present,

enter a "1" in the right margin next to the signature block.

a signature only is missing,

SSPND 225.

Rejects will:

If

Then

a valid reply is received,

perfect the return by entering a "1" in Field 03SIG and enter the correspondence received date, Field 01CRD.

no reply or an incomplete reply is received,

enter CCC "3" in Field 03SIG and enter a "3" in Field 01CCC.

Field 03PRE is the Preparation Code, located in the right margin of the Preparer's PTIN line and is 1 position.

It’s not numeric.

The entry is other than "1" or "blank" .

Enter a "1" in the right margin next to the preparer's PTIN box if both of the following apply:

The return is signed by a preparer.

The paid preparer's section has information that is different than the person signing the return.

Field 03PSN is the Preparer's PTIN, located in the Paid Preparer's signature block, in the Preparer's PTIN box and is 9 positions.

The preparer SSN must be a nine-digit number. A preparer Tax Identification Number (PTIN) is a valid entry in the preparer Social Security Number or PTIN area at the bottom of Form 8038-G. The PTIN is nine digits beginning with the alpha "P" , followed by an eight-digit number (e.g., PXXXXXXXX).

The first position is other than numeric or a "P" .

The field is all zeros or all nines or the first position is "P" and the remaining positions are all zeros or all nines.

Other than the first position isn't numerics.

Delete. Don’t attempt to correct the field.

Field 03PEN, is the Preparer's EIN, located in the Paid Preparer's signature portion in the Firm's EIN box and is 9 positions.

If present, the field may be any combination of numerics, except all zeros or all nines. The first character may be a "P" .

The first position is other than numeric.

The field is all zeros or all nines.

Delete. Don’t attempt to correct the field.

Field 03PTN, Preparer's Telephone Number, is located in the Paid Preparer's signature portion, in the firm's phone number and is 10 positions.

If present, the field is numeric.

Correct any coding or transcription errors.

If

Then

more than 10 digits are present,

Continue processing, entering the first 10 digits only.

the paid preparer's phone number is incomplete, illegible, or fewer than 10 digits,

Review the return and all attachments.

If a complete paid preparer's phone number is located elsewhere on the return or attachments, edit to the phone number line.

a complete paid preparer's phone number isn't located or the number is illegible,

Delete. Don’t attempt to correct the field.