Section 06 - Form 8038-G

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

Field

Title

Form 8038-G

Field Lengths

0631

Weighted Average Currently Refunded Years

Part V, Line 31

2

0632

Weighted Average Advance Refunded Years

Part V, Line 32

2

0633

Refunded Bonds Call Date

Part V, Line 33

8

0634

Refunded Bonds Issue Date

Part V, Line 34

8

0635

State Volume Cap Issue Amount

Part VI, Line 35

15

0636A

Gross Proceeds Guaranteed Investment Contract (GIC) Amount

Part VI, Line 36a

15

0636B

GIC Maturity Date

Part VI, Line 36b

8

0637

Proceeds Other Government Loan Amount

Part VI, Line 37a

15

0638A

Tax Exempt Issue Box

Part VI, Line 37b Box

1

0638B

Date of Master Pool Obligation

Part VI, Line 37b

8

0638C

EIN of Master Pool Obligation

Part VI, Line

9

0639

Designated Issue Section 265 Box

Part VI, Line 38

1

0640

Penalty Payment Election Indicator Box

Part VI, Line 39

1

0641A

Hedge Identifier Box

Part VI, Line 40

1

0642

Hedge Super-Integrated Indicator Box

Part VI, Line 42

1

0643

Issuer Established Procedures Nonqualified Box

Part VI, Line 43

1

0644

Issuer Established Procedure to Monitor Section 148 Box

Part VI, Line 44

1

0645A

Portion of Proceeds used to Reimburse Expenditures

Part VI, Line 45a

15

0645B

Date Official Intent was Adopted

Part VI, Line 45b

8

06SIG

Signature Code

Signature on return

1

06PRE

Preparation Code

Right margin of the Preparer PTIN line

1

06PSN

Preparer PTIN

Signature Block

9

06PEN

Preparer EIN

Signature Block

9

06PTN

Preparer Telephone #

Signature Block

10

Field 0631 is the Weighted Average Currently Refunded Years, located on Form 8038-G in Part V, line 31 and is 2 positions.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0632 is the Weighted Average Advance Refunded Years, located on Form 8038-G in Part V, line 32 and is 2 positions.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0633 is the Refunded Bonds Call Date, is in YYYYMMDD format, located on Form 8038-G in Part V, line 33 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 0634 is the Refunded Bonds Issue Date, is in YYYYMMDD format, located on Form 8038-G in Part V, line 34 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 issue date is present, enter the earliest issue date.

Field 0635 is the State Volume Cap Issue Amount, located on Form 8038-G in Part VI, line 35 and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0636A is the Proceeds GIC Amount, located on Form 8038-G in Part VI, line 36a and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0636B is the GIC Maturity Date, is transcribed in YYYYMMDD format, located on Form 8038-G in Part VI, line 36b 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 0637A is the Proceeds Other Government Loan Amount, located on Form 8038-G in Part VI, line 37a and is 15 positions.

The field is dollars only.

The field is valid if it’s blank.

Correct any coding or transcription errors.

Field 0638A is the Tax Exempt Issue Check Box, located on Form 8038-G in Part VI, line 37b, box and is 1 position.

The field is valid if entry is "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 0637B.

Field 0638B is the Date of Master Pool Obligation, is transcribed in YYYYMMDD format. It's located on Form 8038-G in Part VI, line 37b and is 8 positions.

The field is valid if it’s blank.

Correct any coding or transcription errors.

If more than one date is present, enter the latest date shown.

Field 0638C is the EIN of Master Pool Obligation, located on Form 8038-G in Part VI, line 38c and is 9 positions.

The field is valid if it’s blank.

Correct any coding and transcription errors.

Field 0639 is the Designated Issue Section 265 Check Box, located on Form 8038-G in Part VI, line 38 and is 1 position.

The field is valid if entry is "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 0639.

Field 0640 is the Penalty Payment Election Indicator Check Box, located on Form 8038-G in Part VI, line 39 and is 1 position.

The field is valid if the entry is "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 0640.

Field 0641 is the Hedge Identifier Check Box, located on Form 8038-G in Part VI, line 40 and is 1 position.

The field is valid if the entry is "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 0641.

Field 0642 is the Hedge Super-Integrated Indicator box, located on Form 8038-G in Part VI, line 42 and is 1 position.

The field is valid if the entry is "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 0642.

Field 0643 is the Issuer Established Procedures Non-Qualified Check Box, located on Form 8038-G in Part VI, line 43 and is 1 position.

The field is valid if the entry is "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 0643.

Field 0644 is the Issuer Established Procedures to Monitor Section 148 Check Box, located on Form 8038-G in Part VI, line 44 and is 1 position.

The field is valid if the entry is "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 0644.

Field 0645A is the Portion of Proceeds Used to Reimburse Expenditures Amount, located on Form 8038-G in Part VI, line 45a and is 15 positions.

The field is valid if it’s blank.

The field is dollars only.

Correct any coding or transcription errors.

Field 0645B is the Date Official Intent was Adopted, i is located on Form 8038-G in Part VI, line 45b and is 8 positions.

The field is valid if it’s blank.

Field is invalid if not numeric.

Not in YYYYMMDD.

Correct any coding or transcription errors.

If more than one date is present, enter the latest date shown.

06SIG is the Signature Code, located in the right margin of the signature line and is 1 position.

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.

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 06SIG and enter the Correspondence Received Date, Field 01CRD.

no reply or an incomplete reply is received,

enter CCC "3" in Field 063SIG and enter a "3" in Field 01CCC.

Field 06PRE is the Preparation Code, located in the right margin of the Preparer's PTIN line and is 1 position.

It isn’t 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’s different than the person signing the return.

Field 06PSN 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'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-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 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.

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.