Section 05 - Form 8038-B

Section 05 Alpha Designators, Title, Location and Field Lengths are listed below:

Field

Title

Form 8038-B

Field Lengths

0521

Type of Credit Bond Code, Check Box

Part II, line 1 (right margin of line 1b)

1

0522

Line 2, First Interest Payment Date

Part II, Line 2,

8

0523

Line 3, Interest Payment Date Frequency Code, Check Box

Part II, Line 3, Check Box

1

0531A

Line 1a, Education Amount

Part III, Line 1a

15

0531B

Line 1b, Health and Hospital Amount

Part III, Line 1b

15

0531C

Line 1c, Transportation Amount

Part III, Line 1c

15

0531D

Line 1d, Public Safety Amount

Part III, Line 1d

15

0531E

Line 1e, Environment Amount

Part III, Line 1e

15

0531F

Line 1f, Housing Amount

Part III, Line 1f

15

0531G

Line 1g, Utilities Amount

Part III, Line 1g

15

0531H

Line 1h, Other Amount

Part III, Line 1h

15

0532A

Line 2a, Capital Expenditures Amount

Part III, Line 2a

15

0532B

Line 2b, Public Infrastructure Amount

Part III, Line 2b

15

0532C

Line 2c, Job and Education Amount

Part III, Line 2c

15

0532D

Line 2d, Other Amount

Part III, Line 2d

15

0533

Line 3, Total Issue Price Amount

Part III, Line 3

15

Line 3, Total Issue Price Amount under print

15

0534

Line 4, Obligation TANs/RANs/BANs Box

Part III, Line 4

1

0535

Line 5, Obligation Lease/Installment Box

Part III, Line 5

1

0541

Line 1, Stated Redemption Maturity Amount

Part IV, Line 1

15

0542

Line 2, Final Maturity Date

Part IV, Line 2

8

0543

Line 3, Weighted Average Maturity (year)

Part IV, Line 3

4

0544

Line 4, Yield Percentage

Part IV, Line 4

6

0545A

Line 5a, Variable Rate Box

Part IV, Line 5a

1

0551

Line 1, Sales Proceeds Amount

Part V, Line 1

15

0552

Line 2, Expected Investment Amount

Part V, Line 2

15

0553

Line 3, Accrued Interest Amount

Part V, Line 3

15

0554

Line 4, Bond Issuance Cost Amount

Part V, Line 4

15

0555

Line 5, Credit Enhancement Amount

Part I, Line 5

15

0556

Line 6, Allocated to Reasonable Required Reserve Fund Amount

Part V, Line 6

15

0557

Line 7, Capital Expenditures Amount

Part V, Line 7

15

0558

Line 8, Working Capital Expenditures Amount

Part V, Line 8

15

0559

Line 9, Currently Refunded Amount

Part V, Line 9

15

05510

Line 10, Advance Refund Amount

Part V, Line 10

15

Field 0521 is the Type of Credit Bond Code Check Box, located on Form 8038-B in Part II, lines 1a, 1b, or 1c and is 1 position.

It’s not numeric.

The entry is other than "1" , "2" , or "3" .

Correct any coding or transcription errors.

Enter a "1" if box 1a is checked, "2" if box 1b is checked, or "3" if box 1c is checked.

If

Then

no box is checked, and there’s an amount in Field 0532A - 0532D (Part III, lines 2a-2d),

enter a "3" in Field 0521.

no box is checked, and there’s no entry in Fields 0532A - 0532D (Part III, lines 2a-2d),

SSPND 211.

more than one box is checked,

SSPND 211.

Rejects will:

If

Then

reply is received,

perfect the return.

no reply is received,

enter a "1" in Field 0521 and CCC 3.

Field 0522 is the First Interest Payment Date, is in YYYYMMDD format, located on Form 8038-B in part II, line 2 and is 8 positions.

The field is valid if it’s blank.

Not in YYYYMMDD format.

Not within the valid year, month, day range.

Correct any coding or transcription errors.

If

Then

more than one date is present,

enter the earliest date in Field 0522.

blank,

edit from the attachment (Debit Service Schedule).

Field 0522 can't be corrected,

SSPND 211.

Reject will:

If

Then

reply is received,

perfect the return.

no reply,

Enter CCC "3" .

Leave Field 0522 blank.

Field 0523 is the Interest Payment Date Frequency Check Box, located on Form 8038-B in Part II, lines 3a through 3f and is a 1 position numeric field.

It’s not numeric.

The entry is other than "1" , "2" , "3" , "4" , "5" or blank.

Correct any coding or transcription errors.

Refer to the table below for applicable code.

If

Then

check box "3a - Annual" is marked,

enter a "1" .

check box "3b - Semi-Annual" is marked,

enter a "2" .

check box "3c - Quarterly" is marked,

enter a "3" .

check box "3d - Monthly" is marked,

enter a "4" .

check box "3e - Other" is marked,

enter a "5" .

blank,

edit from attachment (Debt Service Schedule).

you can't perfect it,

SSPND 211.

Rejects will:

If

Then

a reply is received,

enter the applicable code as referenced above.

no reply or incomplete reply is received,

Enter a "5" and CCC "3"

Continue processing the return.

Fields 0531A through 0532D are the Purpose of Issue Amounts. Each purpose of issue amount field has up to 15 positions, and may have more than one entry on either lines 1a-1h or lines 2a-2d. It's located on Form 8038-B in Part III, lines 1a-1h and lines 2a-2d. This is a 15 position numeric field.

Field is dollars only.

At least one Purpose of Issue amount isn't present.

There is an entry (or entries) in both line(s) 1a-1h and line(s) 2a-2d.

Correct any coding or transcription errors.

Enter the amount(s) as entered on lines 1a-1h or lines 2a-2d.

If

Then

Fields 0531A through 0531H (Part III, lines 1a-1h) or Fields 0532a through 0532D (Part III, lines 2a-2d) are blank, and there’s an entry on line 3,

Perfect from attachments (Debit Service Schedule).

If unable to perfect, enter SSPND 211.

there’s an entry (or entries) on line(s) 1a-hand line(s) 2a-d,

enter SSPND 211.

the issue price in Fields 0531A - 0531H (Part III, lines 1a-1h) or Fields 0532A - 0532D (Part III, lines 2a-2d) don’t match the total issue price in Field 0533 (Part III, line 3), and it can’t be perfected from attachments,

enter SSPND 211.

there are two money amounts present, and one of the amounts is listed as "other" in Field 0531H (line 1h) or Field 0532D (line 2d),

Compare the issue prices in Fields 0531A - 0531H (lines 1a-1h) or Fields 0532A - 0532D (lines 2a-2d) against the issue price in Field 0533 (Part III, line 3).

If all three match, circle out the money amount on the "other" line.

the "Purpose of Issue" (lines 1a-1h or lines 2a-2d) is indicated, and Field 0533 Total Issue Price is blank, and can't be perfected,

Perfect from attachments (Debit Service Schedule).

If unable to perfect it, enter SSPND 211.

the "Purpose of Issue" (lines 1a-1h or lines 2a-2d) and the total issue price (line 3) are blank, and Field 0534 (Part III, line 4) and/or Field 0535 (line 5) is checked, and there’s an entry in Field 0533 (Part III, line 3),

enter the amount from Field 0533 (Part III, line 3) to Field 0531H (Part III, line 1h).

Fields 0531A - 0531H (lines 1a-1h) and Fields 0532A - 0532D (lines 2a-2d) are blank, and you can’t perfect them,

SSPND 211.

the filer didn’t attach a Schedule to support the amount entered on Part III, Lines 1a - 1h (Build America Bond) or Lines 2a - 2d (Recovery Zone Economic Development Bond),

SSPND 211.

at least one "Purpose of Issue" amount can't be determined,

SSPND 211.

Rejects will:

If

Then

reply is received,

Perfect the return.

Attach schedule to the return.

the issuer indicates more than one Purpose of Issue amount,

Correct using the Purpose of Issue amount(s) as indicated in each Purpose of Issue amount field(s).

If the box is checked in Part II, line 1a or 1b, enter a "1" in Field 0531H (line 1h) and Field 0533 (line 3).

If the box is checked in Part II, line 1c, enter a "1" in Field 0532D (line 2d) and Field 0533 (line 3).

a schedule isn’t provided,

enter CCC "3" and continue processing the return.

Field 0533 is the Total Issue Price of the Bond, located on Form 8038-B in Part III, line 3 (total of lines 1a-2d) and is 15 positions.

Field is dollars only.

The field will under print if the transcribed and generated amounts differ by more than ≡ ≡ ≡ ≡ ≡ ≡ ≡.

Correct any coding or transcription errors.

If

And

Then

Field 0533 (Part III, line 3) is blank,

there’s entries in Fields 0531A - 0532D (lines 1a-2d),

Add the amounts on Fields 0531A - 0532D (lines 1a-2d).

Enter the total in Field 0533.

Fields 0531A - 0532D (lines 1a-2d) are blank,

unable to perfect,

SSPND 211.

Reject will:

If

Then

a reply is received,

enter the applicable dollar amount.

no reply is received,

enter a "1" in Field 0533 (line 1h) and CCC "3" .

Field 0534 is the Obligation Check Box, located on Form 8038-B in Part III, line 4 and is 1 position.

It’s not numeric.

The entry is other than "1" , "2" , "3" or blank.

Correct any coding or transcription errors.

If

Then

box 4a is checked,

enter a "1" .

box 4b is checked,

enter a "2" .

both boxes are checked,

enter a "3" .

no box is checked,

leave it blank.

Field 0535 is the Obligation Lease Installment Check Box, located on Form 8038-B in Part III, line 5 and is 1 position.

It’s not numeric.

The entry is other than "1" or blank.

Correct any coding or transcription errors.

If

Then

the box is checked,

enter a "1" .

the box isn't checked,

delete the entry in Field 0535.

Field 0541 is the Stated Redemption Price at Maturity Amount, located on Form 8038-B Part IV, line 1 and is 15 positions

Field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcriptions errors.

Field 0542 is the Final Maturity Date and is in YYYYMMDD format, located on Form 8038-B in Part IV, line 2 and is 8 positions.

Not in YYYYMMDD format.

Not within the valid year, month, day range.

Correct any coding or transcription errors.

If

Then

more than one date is present,

enter the latest date in Field 0542.

the maturity date is the same or prior to the Date of Issue,

SSPND 211.

the maturity date is blank, and you’re unable to perfect it,

SSPND 211.

the maturity date contains an invalid year (earlier than 1950 or after 2099),

perfect it from attachments.

Rejects will:

If

Then

a valid reply is received,

Perfect the return.

no reply or an invalid reply is received,

Circle out the date if present and leave blank.

Enter CCC "3" and continue processing.

Field 0543 is the Weighted Average Maturity Years, located on Form 8038-B in Part IV, line 3 and is 4 positions.

The field is valid if it’s blank.

It’s not numeric.

It’s more or less than 4 positions.

Correct any coding or transcription errors.

The entry can be in decimals out to the 2nd position as XX.XX and must be entered as such, filling in zeros before and after to equal 4 positions.