General Public Use definition

General Public Use means use of Financed Property by a Nongovernmental Person as a member of the general public. Use of Financed Property by a Nongovernmental Person in a Trade or Business is treated as General Public Use only if the Financed Property is intended to be available and in fact is reasonably available for use on the same basis by natural persons not engaged in a Trade or Business. Use under arrangements that convey priority rights or other preferential benefits is not use on the same basis as the general public.
Sample 1Sample 2Sample 3
General Public Use as defined in Treas. Reg. § 1.141-3(c) means use as a member of the general public. Use of bond-financed property by Persons other State or Local Governmental Persons in their Trades or Businesses is treated as General Public Use only if the property is intended to be available and in fact is reasonably available for “use on the same basis” by natural persons not engaged in a Trade or Business. In general, use under an arrangement that conveys priority rights or other preferential benefits is not “use on the same basis” as the general public. Arrangements providing for use that is available to the general public at no charge or on the basis of generally applicable uniformly applied rates do not convey priority rights or other preferential benefits. For this purpose, rates may be treated as generally applicable and uniformly applied even if--
Sample 1

Examples of General Public Use in a sentence

  • General Public Use is any arrangement providing for use that is available to the general public at either no charge or on the basis of rates that are generally applicable and uniformly applied.

  • Private Business Use of Financed Property that is not available for General Public Use may also be established on the basis of a special economic benefit to one or more Nongovernmental Persons even if such Nongovernmental Persons do not have a special legal entitlement to the use of the Financed Property.

  • A strong internal structure is necessary to ensure properties maintain compliance with General Public Use Requirements.

  • IRC §42, General Public Use regulations are violated when owners deny occupancy to Section 8 applicants based solely on their Section 8 status.

  • Any unit found in violation of General Public Use and/or Fair Housing will fail to be considered a qualified low-income unit for purposes of determining the Applicable Fraction.

  • General Public Use Requirements.The Division may require an IRS Private Letter Ruling for projects that target a specific segment of the population.

  • Reg.1.42-9(b)) Note that the General Public Use Rule was clarified on July 30, 2008, to allow occupancy restrictions or preferences that favor tenants 1) with special needs, 2) who are members of a specified group under a federal or state program or policy that supports housing for such specified group, or 3) who are involved in artistic or literary activities.

  • We’ll show you the District contracts and signature page and finalize the discussion on how to make this happen.

  • The following safe harbors and exceptions permit the University to disregard what would otherwise be considered private business use, so long as the facility was not financed for the principal purpose of the private trade or business use: • 100 Days Limited General Public Use Arrangements.

  • It is understood and agreed that all activities on school Facilities sponsored by the DISTRICT shall be supervised and conducted by the DISTRICT, and that all activities sponsored by the CITY, including General Public Use, pursuant to this Agreement, shall be supervised and conducted by the CITY.

Related to General Public Use

  • General public means all individual and Institutional Investors including both Pakistani (residents & non- residents) and foreign investors;

  • Public use means a publicly owned project or a privately owned project that is available for use by the public.

  • Public garage means a building or other place where vehicles or vessels are kept and stored and where a charge is made for the storage and keeping of vehicles and vessels.

  • Local public body means every political subdivision of the state and the agencies, instrumentalities and institutions thereof, including two-year post-secondary educational institutions, school districts and local school boards and municipalities, except as exempted pursuant to the Procurement Code.

  • Garage-Public means a building or portion thereof, designed other than as a private garage, operated for gain, designed and/or used for repairing, servicing, hiring, selling or storing or parking motor-driven or other vehicles.

  • Public Key means the key of a key pair used to verify a digital signature and listed in the Digital Signature Certificate;

  • Public schools means all kindergartens and elementary

  • Public Areas means (1) public parks, playgrounds, trails, paths and other recreational areas; (2) other public open spaces; (3) scenic and historic sites; and (4) sites for schools and other public buildings and structures.

  • Public lands ’ means (A) all lands under the cus- tody and control of the Secretary of the Interior and the Secretary of Agriculture, except Indian lands, (B) lands under the custody and control of the Tennessee Valley Authority that are situated in western Ken- tucky and Tennessee and are designated as ‘‘Land Be- tween the Lakes,’’ and (C) lands under the custody and control of the Secretary of Defense;

  • Public land means land owned by the federal government, the state, or political subdivisions of the state and land acquired or developed for public recreation pursuant to section 321I.8.

  • Public area means any portion of a state or municipal building that is open to and accessible by the public or which is otherwise designated as a public area by the governing body or the chief administrative officer, if no governing body exists, of such building.

  • Public means any person other than an underwriter or a related party,

  • Public school means any institution or activity operated by

  • Public space means any real property or structures thereon that are owned, leased, or controlled by a governmental entity.

  • public sewer or drain means a sewer or drain which belongs to a sewerage undertaker, the Environment Agency, an internal drainage board or a local authority; and

  • Public nuisance means a building that is a menace to the public health, welfare, or safety, or that is structurally unsafe, unsanitary, or not provided with adequate safe egress, or that constitutes a fire hazard, or is otherwise dangerous to human life, or that in relation to the existing use constitutes a hazard to the public health, welfare, or safety by reason of inadequate maintenance, dilapidation, obsolescence, or abandonment. “Public nuisance” includes buildings with blighting characteristics as defined by Iowa Code section 403.2.

  • Public works and “Building Services” - Definitions

  • Confidential System Information means any communication or record (whether oral, written, electronically stored or transmitted, or in any other form) provided to or made available to Grantee; or that Grantee may create, receive, maintain, use, disclose or have access to on behalf of HHSC or through performance of the Project, which is not designated as Confidential Information in a Data Use Agreement.

  • Public works project means the erection, construction, alteration, repair, or improvement of any public structure, building, road, or other public improvement of any kind.

  • Public School Student Accessing Courses at a Distance means a student who is scheduled for a full course load through the District and attends all classes virtually.

  • Resort Site means those parts of Burswood Island as are‑

  • Commercially Useful Function means responsibility for the execution of a distinct element of the work of the contract, which is carried out by actually performing, managing, and supervising the work involved, evidencing the responsibilities and risks of a business owner such as negotiating the terms of (sub)contracts, taking on a financial risk commensurate with the contract or its subcontract, responsibility for acquiring the appropriate lines of credit and/or loans, or fulfilling responsibilities as a joint venture partner as described in the joint venture agreement.

  • Public building and "public work" means a public building of, and a public work of, a governmental entity (the United States; the District of Columbia; commonwealths, territories, and minor outlying islands of the United States; State and local governments; and multi-State, regional, or interstate entities which have governmental functions). These buildings and works may include, without limitation, bridges, dams, plants, highways, parkways, streets, subways, tunnels, sewers, mains, power lines, pumping stations, heavy generators, railways, airports, terminals, docks, piers, wharves, ways, lighthouses, buoys, jetties, breakwaters, levees, and canals, and the construction, alteration, maintenance, or repair of such buildings and works.

  • Automobile Headliner Adhesive means an aerosol adhesive designed to bond together layers in motor vehicle headliners.

  • Approved Use means the use of the Project for the operation of a Healthcare Facility as a ___ ____ [insert type of facility] with __ __ [beds/units] [of which not less than __ ___ [beds/units] are [to be] in use] and such other uses as may be approved in writing from time to time by HUD based upon a request made by the Borrower, Operator, or Master Tenant, but excluding any uses that are discontinued with the written approval of HUD. Master Tenant shall ensure that use of the Healthcare Facility is in accordance with the Approved Use.

  • public sewer map means the map made available under Section 199(5) of the 1991 Act (l);