Public-Purpose Bond

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Public-purpose bond

A specific type of municipal bond used to finance public projects such as roads or government buildings. Interest on municipal bonds is federal income tax-free.

Public-Purpose Bond

A municipal bond that is issued in order to finance public works. For example, a city may issue a public purpose bond to build a road or school, which improves the city but does not directly attract private investment. The federal government does not tax the interest on a public-purpose bond. This exemption occurs automatically, unlike a private purpose bond, which must prove that it benefits the public in some way to qualify for the tax exemption.

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Essential purpose			Offerings of public-purpose bonds for new capital, the proceeds of which are intended to finance capital projects, rose to a record high in 1991 (chart 7, upper panel), and issuance appears to have remained strong during the first half of 1992. The state and local government sector: long-term trends and recent ... by Rubin, Laura S. / Federal Reserve Bulletin			public land survey system public lands Public Law Public Limited Company Public Limited Partnership public offering Public Offering Price Public Official Bond Public Ownership Public Power Bond public record Public Retirement System public sale public sector Public Sector Borrowing Requirement Public Sector Deficit Public Securities Association Public Securities Association Standard Prepayment Model Public Securities Offering public street Public Unit Account Public Utility Holding Company Act Public Utility Holding Company Act of 1935 Public Utility Holding Company Act of 2005 Public Warehouse Public-Purpose Bond Publication 1 Publication 1-TEB Publication 1075 Publication 1084 Publication 1101 Publication 1113-A Publication 1114 Publication 1141 Publication 1153 Publication 1167 Publication 1179 Publication 1187 Publication 1212 Publication 1220 Publication 1223 Publication 1235 Publication 1239 Publication 1244 Publication 1244 (PR) Publication 1245 Publication 1278 Publication 1281 Publication 1299 Publication 15 Publication 15-A			Public-Key Cryptography Standard Public-Key Cryptography Standards Public-Key Cryptography Standards Public-key cryptosystem Public-key encryption public-liability insurance Public-Limited Companies Public-Limited Companies Public-Limited Company Public-Limited Company Public-minded public-opinion public-opinion public-opinion public-opinion Public-Private Development Partnership Public-Private Infrastructure Public-Private Infrastructure Advisory Facility Public-Private Initiatives Public-Private Investment Funds Public-Private Investment Program Public-private partnership Public-Private Partnership in Health Public-Private Partnership in Infrastructure Public-Private Partnerships for the Urban Environment Public-Private Partnerships for Urban Environmental Services Public-Private Sector Public-Private Transportation Act of 1995 Public-Private Venture Public-Private-People-Partnership Public-Purpose Bond Public-Purpose Bonds public-relations campaign public-safety frequency bands public-safety radio service public-school public-school Public-sector Public-sector Public-sector Public-sector public-service public-service public-service corporation public-spirited public-spirited public-spiritedly public-spiritedly public-spiritedness public-spiritedness Public-trust doctrine public-use area Public-Use Microdata Samples Public/Private Adoption Initiative Public/Private Competition Public/private key cryptography Public/Private Partnership Council Public/Publisher MEDLINE Public/social/private partnership PUBLICA Publicaciones Periódicas

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