FI-59-89 (Final) Proceeds of Bonds Used for Reimbursement

ICR 201306-1545-044

OMB: 1545-1226

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2013-09-25
IC Document Collections
IC ID
Document
Title
Status
17984
Unchanged
ICR Details
1545-1226 201306-1545-044
Historical Active 201007-1545-045
TREAS/IRS
FI-59-89 (Final) Proceeds of Bonds Used for Reimbursement
Extension without change of a currently approved collection   No
Regular
Approved without change 12/04/2013
Retrieve Notice of Action (NOA) 09/30/2013
  Inventory as of this Action Requested Previously Approved
12/31/2016 36 Months From Approved 12/31/2013
2,500 0 2,500
6,000 0 6,000
0 0 0

This regulation clarifies when the allocation of bond proceeds to reimburse expenditures previously made by an issuer of the bond is treated as an expenditure of the bond proceeds. The issuer must express a reasonable official intent, on or prior to the date of payment, to reimburse the expenditure in order to assure that the reimbursement is not a device to evade requirements imposed by the Internal Revenue Code with respect to tax exempt bonds.

US Code: 26 USC 501(c) Name of Law: List of exempt organizations
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
  
None

Not associated with rulemaking

  78 FR 22038 04/12/2013
78 FR 59758 09/27/2013
No

1
IC Title Form No. Form Name
FI-59-89 (Final) Proceeds of Bonds used for Reimbursement

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 2,500 2,500 0 0 0 0
Annual Time Burden (Hours) 6,000 6,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Timothy Jones 202 622-3980

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
09/30/2013


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