FIN-029:  Use of Buildings Financed with Tax-Exempt Debt

FIN-029

Where tax-exempt debt is used to finance the construction or acquisition of facilities and capital equipment, the University must comply with IRS laws and regulations applicable to Private Business Use. This policy formalizes the responsibility of managers in enabling the University to comply with Internal Revenue Service (IRS) laws and regulations on Private Business Use.

 

Policy Link (https://uvapolicy.virginia.edu/policy/FIN-029)

Next Review Date: February 1, 2024