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TEB - No Payment from Tax-Advantaged Bond Proceeds

Internal Revenue Manual Part 4. Examining Process · 2026-10-03 edition · updated 2026-10-04 · United States

In general, the issuer must not make payments required under the closing agreement, including the redemption of bonds or the establishment of a defeasance escrow, from proceeds of bonds described in IRC 103(a), IRC 54A, or IRC 54AA.

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▸Contents — Internal Revenue Manual Part 4. Examining Process
Internal Revenue Manual Part 4. Examining Process

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