Section 02 — Internal Revenue Manual Part 3. Submission

Source Document or Record: Form 8038-TC

Elem. No.

Data Element Name

Prompt

Fld. Term.

Instructions

(1)

Section Number

SECT:

if already present on the screen; otherwise enter "02" always.

(2)

Tax Credit Bond Code, Part II, Line 1

TYPE

Enter the 3-digit code from Part II, line 1.

(3)

Irrevocable Election Check Box

P2L3

Enter a "1" if the "Yes" check box is marked.

If check box is marked "No" or "blank" , "" only.

(4)

First Interest Payment date

P2L4

Enter the date from Part II, line 4 in MMDDYY format.

(5)

Interest Payment Date Frequency Code

P2L5RT

Enter the digit edited in the right margin of Part II, line 5.

(6)

Issue Price, Part III, Line 1

P3L1 $

Enter the amount from Part III, line 1.

(7)

Stated Redemption Price at Maturity

P3L2 $

Enter the amount from Part III, line 2.

(8)

Final Maturity Date

P3L3

Enter the date in MMDDYY format from Part III, line 3.

(9)

Applicable Credit Rate

P3L4

Enter the percentage from Part III, line 4, entering zeros before the number and after to equal 6 positions.

(10)

Maximum Term

P3L5

Enter the year from Part III, line 5 entering zeros before the number and after to equal 4, positions.

(11)

Permitted Sinking Fund Yield

P3L6

Enter the percentage from Part III, line 6, entering zeros before the number and after to equal 6 positions.

(12)

Interest Rate on Bonds

P3L7

Enter the percentage from Part III, line 7, entering zeros before the number and after to equal 4 positions.

(13)

Variable Rate Issue Check Box

P3L8A

Enter a "1" if the box is checked on Part III, line 8a.

(14)

Sale Proceeds

P4L1 $

Enter the amount from Part IV, line 1.

(15)

Proceeds Used for Bond Issuance Cost

P4L2 $

Enter the amount from Part IV, line 2.

(16)

Estimated Investment Proceeds

P4L3 $

Enter the amount from Part IV, line 3.

(17)

Expected Available Project Proceeds

P4L4 $

Enter the amount from Part IV, line 4.

(18)

Matching Pledged Funds

P4L5 $

Enter the amount from Part IV, line 5.

(19)

Other, Part IV

P4L6 $

Enter the amount from Part IV, line 6.

(20)

Total Proceed

P4L7 $

Enter the amount from Part IV, line 7.

(21)

Loan to Qualified Borrowers Amounts

P5L1A $

Enter the amount from Part V, line 1a.

(22)

Qualified Borrowers Checkbox

L1BCKBX

Enter a "1" if the box is checked on Part V, line 1b.

(23)

EIN of Borrower

P51DEIN

Enter the EIN from Part V, line 1d.

(24)

Land

P5L2 $

Enter the Amount from Part V, line 2.

(25)

Buildings and Structures

P5L3 $

Enter the Amount from Part V, line 3.

(26)

Equipment with Recovery Period >5 years

P5L4 $

Enter the Amount from Part V, line 4.

(27)

Equipment with Recovery Period <5 years

P5L5 $

Enter the Amount from Part V, line 5.

(28)

Grants

P5L6 $

Enter the Amount from Part V, line 6.

(29)

Demonstration Projects

P5L7 $

Enter the Amount from Part V, line 7.

(30)

Public Education Campaigns

P5L8 $

Enter the Amount from Part V, line 8.

(31)

Repairs or Other Rehabilitation Expenditures

P5L9 $

Enter the Amount from Part V, line 9.

(32)

Development Course Material/Training

P5L10 $

Enter the Amount from Part V, line 10.

(33)

Pay Principle/Interest/Premiums

P5L11 $

Enter the Amount from Part V, line 11.

(34)

Refinance a Qualified Indebtedness

P5L12 $

Enter the Amount from Part V, line 12.

(35)

Other Part 5

P5L13 $

Enter the Amount from Part V, line 13.

(36)

Total Qualified Purpose Expenditures

P5L14 $

Enter the Amount from Part V, line 14.

(37)

Percentage of available Project Proceeds

P5L15

Enter the percentage from Part V, line 15, filling with zeros before the number and after to equal 6 positions.

(38)

Proceeds to Reimburse Issuer

P5L16 $

Enter the Amount from Part V, line 16.

(39)

Date Official Intent was Adopted

P5L17

Enter the date in MMDDYY format from line 17.