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Agenda Item No. 8.3 Application No. 19003 THE CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE January 16, 2019, Staff Report REQUEST FOR A QUALIFIED PRIVATE ACTIVITY BOND ALLOCATION FOR A QUALIFIED RESIDENTIAL
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How to fill out private activity bondsbuild america

01
Determine if your project qualifies for private activity bonds under the Build America program.
02
Complete the necessary application forms and submit to the appropriate authority for approval.
03
Provide all required documentation and financial information to support your application.
04
Work with a financial advisor or bond underwriter to structure and sell the private activity bonds.
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Use the proceeds from the bonds to finance your qualified project under the Build America program.

Who needs private activity bondsbuild america?

01
Public or private entities looking to finance qualified projects under the Build America program may need private activity bonds. This can include infrastructure projects such as transportation, water and sewer systems, energy facilities, and affordable housing developments.
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Private activity bonds are tax-exempt bonds issued by state or local governments to provide financing for qualified projects that serve a public purpose, such as affordable housing, infrastructure, and economic development. Build America Bonds are a type of taxable municipal bond that was created by the American Recovery and Reinvestment Act of 2009 to stimulate the economy and create jobs.
The issuer of private activity bonds, typically a state or local government agency, is required to file the necessary documentation with the Internal Revenue Service (IRS) in order to comply with federal tax requirements.
To fill out private activity bondsbuild america, the issuer must provide detailed information about the bond issue, including the amount issued, the purpose of the bond proceeds, and the terms of the bond agreement. This information is reported on Form 8038, which is submitted to the IRS.
The purpose of private activity bondsbuild america is to provide low-cost financing for projects that serve a public purpose, such as affordable housing, infrastructure, and economic development. Build America Bonds specifically were created to help finance public projects while stimulating economic growth.
The issuer must report detailed information about the bond issue, including the amount issued, the purpose of the bond proceeds, the terms of the bond agreement, and any other relevant details required by the IRS.
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