Build America Bond definition

Build America Bond means, an obligation bearing a taxable rate of interest and described in Section 54AA of the Internal Revenue Code of 1986, as amended.

Build America Bond means Bonds with respect to which, pursuant to Sections 54AA and 6431 of the Code, the Authority has made an irrevocable election to bear interest that is subject to federal income taxation of gross income and treat as “Build America Bonds” pursuant to Section 54AA of the Code, and that are eligible to receive the Interest Subsidy Payment directly from the Treasury Secretary in an amount equal to 35% of the corresponding interest payable on the related Build America Bond and for which the Authority has filed the required Internal Revenue Service forms. Initially, the Authority has elected to treat the Series 2009B Bonds as Build America Bonds.

Build America Bond means any taxable bond issued by the Commission pursuant to Section 54AA of the Code for which either (1) the Commission receives direct subsidy payments in an amount equal to a percentage of the interest paid on such bond, or (2) the holder of such bond receives a tax credit in an amount equal to a percentage of the interest paid on such bond.

Examples of Build America Bond in a sentence

• Code A6 Build America Bond (BAB) interestEnter this code if you included BAB interest in your federal AGI.

• The Series 2009B bonds are taxable bonds issued under the Build America Bond program of the American Recovery and Reinvestment Act of 2009 (ARRA).

• The Series 2010B bonds are taxable bonds issued under the Build America Bond program of the American Recovery and Reinvestment Act of 2009 (ARRA).

• This modification includes any Build America Bond tax credit amount if the Build America Bond, as described in Section 1531 of the American Recovery and Reinvestment Act of 2009, was issued by the State of Connecticut or a Connecticut political subdivision and only to the extent the credit amount is treated as interest includible in gross income for federal income tax purposes.Do not use Line 11 to subtract income subject to tax in another jurisdiction.

• Program HighlightsThe Engineering Division continues to utilize the $60 million Build America Bond (BAB) issuance from March 2010 in addition to other funding sources.

• Build America Bond ProgramThe American Recovery and Reinvestment Act (ARRA) of 2009 included provisions authorizing state governments to issue taxable bonds and receive an interest rate rebate in the amount of 35 percent of the interest paid from the Federal government (Build America Bond Program or BAB).

• The Utah County sales tax funds are scheduled to receive an annual Build America Bond (BAB) payment that can also be used for contingency funds, when needed.

• NAZ Nuveen Build America Xxxx Xxxx XXX Nuveen Build America Bond Opportunity Fund NBD Nuveen California AMT-Free Municipal Income Fund f/k/a Nuveen Insured California Tax-Free Advantage Municipal Fund NKX Nuveen California Dividend Advantage Municipal Fund 2 NVX Nuveen California Dividend Advantage Municipal Fund 3 NZH Nuveen California Dividend Advantage Municipal Fund NAC Nuveen California Investment Quality Municipal Fund, Inc.

• Xxxxxxx Title: Managing Director BLACKROCK INVESTMENT MANAGEMENT, LLC, as Lending Agent By: /s/ Xxxxxxx Xxxxxx Name: Xxxxxxx Xxxxxx Title: Managing Director Schedule A: Clients and Funds Closed-End Complex BlackRock Build America Bond Trust BlackRock California Municipal 2018 Term Trust BlackRock California Municipal Income Trust BlackRock Core Bond Trust BlackRock Corporate High Yield Fund, Inc.

• Medicaid Fee-for-Service funds, E-Rate reimbursements and Build America Bond interest subsidies have not been included on the SEFA.

More Definitions of Build America Bond

Build America Bond means any obligation described in Section 54AA(d)(1), including, where applicable, any Recovery Zone Economic Development Bond.