Proceeds of Bonds Used for Reimbursement - FI-59-89

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. The information collection was added by TD 8394 under 26 CFR 1.103-18. TD 8476 removed 26 CFR 1.103-18 and moved the information collection to 26 CFR 150-2

The latest form for Proceeds of Bonds Used for Reimbursement - FI-59-89 expires 2029-09-30 and is listed under ICR 202601-1545-027.

View the official OMB control history on Reginfo.gov.