Section 06 - Form 8038-B

Section 06 alpha designators, title, location and field lengths are listed below:

Field

Title

Form 8038-B

Field Lengths

0661

Remaining Weighted Average Maturity Currently Refunded Years

Part VI, line 1

2

0662

Remaining Weighted Average Maturity Advance Refunded Years

Part VI, Line 2,

2

0663

Refunded Bond Call Date

Part VI, Line 3,

8

0664

Refunded Bond Issue Date

Part VI, Line 4

8

0671

State Volume Cap allocated to Issuer Amount

Part VII, Line 1

15

0672A

Gross Proceeds Invested (GIC) Amount

Part VII, Line 2a

15

0672B

Final Maturity Date of GIC

Part VII, Line 2b

8

0673

Proceeds of the Issue Amount

Part VII, Line 3

15

0674A

Loan Made from Proceeds Tax Exempt Issue

Part VII, Line 4a Check Box

1

0674B

Date of Master Pool Obligation

Part VII, Line 4b

8

0674C

EIN of Master Pool Obligation

Part VII, Line 4c

9

0675A

Hedge Indicator Box

Part VII, Line 5a Check Box

1

0676

Hedge Super-Integrated Indicator Box

Part VII, Line 6 Check Box

1

0677

Penalty Payment Election Indicator Box

Part VII, Line 7 Check Box

1

0678

Issuer Established Procedure Nonqualified Box

Part VII, Line 8 Check Box

1

0679

Issuer Established Procedure to Monitor Section 148 Box

Part VII, Line 9 Check Box

1

0673

Proceeds of the Issue Amount

Part VII, Line 3

15

0674A

Loan Made from Proceeds Tax Exempt Issue

Part VII, Line 4a Check Box

1

0674B

Date of Master Pool Obligation

Part VII, Line 4b

8

0674C

EIN of Master Pool Obligation

Part VII, Line 4c

9

0675A

Hedge Indicator Box

Part VII, Line 5a Check Box

1

0676

Hedge Super-Integrated Indicator Box

Part VII, Line 6 Check Box

1

0677

Penalty Payment Election Indicator Box

Part VII, Line 7 Check Box

1

0678

Issuer Established Procedure Nonqualified Box

Part VII, Line 8 Check Box

1

0679

Issuer Established Procedure to Monitor Section 148 Box

Part VII, Line 9 Check Box

1

0673

Proceeds of the Issue Amount

Part VII, Line 3

15

0674A

Loan Made from Proceeds Tax Exempt Issue

Part VII, Line 4a Check Box

1

0673

Proceeds of the Issue Amount

Part VII, Line 3

15

0674A

Loan Made from Proceeds Tax Exempt Issue

Part VII, Line 4a Check Box

1

0674B

Date of Master Pool Obligation

Part VII, Line 4b

8

0674C

EIN of Master Pool Obligation

Part VII, Line 4c

9

0675A

Hedge Indicator Box

Part VII, Line 5a Check Box

1

0676

Hedge Super-Integrated Indicator Box

Part VII, Line 6 Check Box

1

0677

Penalty Payment Election Indicator Box

Part VII, Line 7 Check Box

1

0678

Issuer Established Procedure Nonqualified Box

Part VII, Line 8 Check Box

1

0679

Issuer Established Procedure to Monitor Section 148 Box

Part VII, Line 9 Check Box

1

06SIG

Signature Code

Part VII, right margin of signature block

1

06PRE

Preparation Code

Part VII, right margin of the Paid Preparer's block

1

06PSN

Preparer PTIN

Part VII, Paid Preparer's PTIN

9

06PEN

Preparer EIN

Part VII, Paid Preparer's EIN

9

061PTN

Preparer Telephone Number

Part VII, Preparer's Telephone No.

10

0681

Consent Election Box

Part VIII, Line 1 Check Box

1

Field 0661 is the Weighted Average Currently Refunded Years, located on Form 8038-B in Part VI, line 1 and is 2 positions.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0662 is the Weighted Average Advance Refunded Years, located on Form 8038-B in Part VI, line 2 and is 2 positions.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0663 is the Refunded Bonds Call Date, is in YYYYMMDD format, located on Form 8038-B in Part VI, line 3 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 more than one refunded bonds call date is present, enter the latest date shown.

Field 0664 is the Refunded Bonds Issue Date, is in YYYYMMDD format, located on Form 8038-B in Part VI, line 4 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 of Issue is present,

enter the earliest issue date.

more than one Date of Issue is present, and a schedule to support these multiple dates isn't provided,

SSPND 211.

Rejects will:

If

Then

a schedule is received,

attach to the return.

no reply or incomplete reply is received,

enter CCC "3" and continue processing.

Field 0671 is the State Volume Cap Issue Amount, located on Form 8038-B in Part VII, line 1 and is 15 positions.

Field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

If

Then

Part II, line 1a or 1b is checked,

leave blank and continue processing the return.

line 1 is blank, and Part II, line 1c check box is marked or Part III, line 2a-2d has an issue amount,

SSPND 211.

the Volume Cap certification isn't attached,

SSPND 211.

Rejects will:

If

Then

a reply is received,

enter the volume cap amount in Field 0671.

no reply or incomplete reply is received,

Enter CCC "3" and continue processing.

Field 0672A is the Proceeds GIC Amount, located on Form 8038-B in Part VII, line 2a and is 15 positions.

Field is dollars only.

The field is valid if it’s blank.

It’s not numeric.

More thank 15 digits.

Correct any coding or transcription errors.

Field 0672B is the GIC Maturity Date, is transcribed in YYYYMMDD format, located on Form 8038-B in Part VII, line 2b 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 more than one GIC maturity date is present, enter the latest date shown.

Field 0673 is the Proceeds Other Government Loan Amount, located on Form 8038-B in Part VII, line 3 and is 15 positions.

Field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0674A is the Tax Exempt Issue Check Box, located on Form 8038-B in Part VII, line 4a, box 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 0674A.

Field 0674B is the Date of Master Pool Obligation, is transcribed in YYYYMMDD format, located on Form 8038-B in Part VII, line 4b and is 8 positions.

Not in YYYYMMDD format.

Not within the valid year, month, day range.

Correct any coding or transcription errors.

If

Then

the box is checked,

enter the date from line 4b.

the box isn't checked,

delete the entry in Field 0674A.

Field 0674C is the Issuer EIN of Master Pool, located in Part VII, line 4c. This is a 9 position field.

Correct any coding or transcription errors.

If unable to perfect, delete the entry in Field 0674C.

Field 0675A is the Hedge Identifier Check Box, located on Form 8038-B in Part VII, line 5a 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

the box is checked,

enter a "1" .

the box isn't checked,

delete the entry in Field 0675A.

Field 0676 is the Hedge Identifier Check Box, located on Form 8038-B in Part VII, line 6 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 0676.

Field 0677 is the Penalty Payment Election Indicator Check Box, located on Form 8038-B in Part VII, line 7 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 0677.

Field 0678 is the Issuer Established Procedure Non-qualified Section 1.141-12 Check Box, located on Form 8038-B in Part VII, line 8 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 0678.

Field 0679 is the Issuer Established to Monitor Section 148 Check Box, located on Form 8038-B in Part VII, line 9 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 0679.

Field 06SIG 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" or blank.

Correct any coding or transcription errors.

If

Then

a signature is present,

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

only a signature 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 06PRE is the Preparation Code, located in the right margin of the preparer's SSN or PTIN box and is 1 position.

It’s not numeric.

The entry is other than "1" or blank.

Enter a Preparation Code "1" in the right margin next to the "Preparer's SSN or 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 06PSN is the Preparer's SSN or PTIN, located in the paid preparer's signature portion on page 1, in the preparer SSN or PTIN box and is 9 positions.

The preparer's SSN must be a nine-digit number. A preparer's Tax Identification Number (PTIN) is a valid entry in the preparer's Social Security Number or PTIN area at the bottom of Form 8038-B. 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 06PEN 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 06PTN is the Preparer's Telephone Number, located in the Paid Preparer's signature portion, in the Firm's Phone no. box and is 10 positions.

It is not numeric.

It is fewer than 10 digits.

If more than 10 digits are present, enter the first 10 digits only and continue processing.

If the paid preparer's phone number is incomplete, illegible, or fewer than 10 digits, review the return and all attachments.

If

Then

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.

Field 0681 is the Consent Election Check Box, located on Form 8038-B in Part VIII, line 1 and is 1 position.

The field is valid if the entry is "1" or "2" .

It’s not numeric.

The entry is other than a "1" or "2" .

Correct any coding or transcription errors.

If

Then

the Yes box is checked,

enter a "1" .

the No box is checked,

enter a "2" .

both boxes are checked,

enter a "2" .

neither box is checked,

enter a "2" .