Quick Guide to PBU
Purdue University and the Office of Treasury Operations provide a quick guide to private business use as it relates to tax-advantaged debt financed facilities. See below for our quick guide.
With any instance of private business use, please consult with the Office of Treasury Operations at 765-494-9783 or by email at privatebusinessuse@purdue.edu.
| ISSUE | Is this PBU? |
|---|---|
| General Public Use | No |
| Sale or Transfer of Building Ownership | YES |
| Lease or Rental Contract | |
| Lease < 50 days (cumulative) | No |
| Lease to Federal Government | YES |
| Non-possessory (antennae, etc.) | No |
| Service & Management Contracts | |
| Franchise Agreements | YES |
| University-Wide Service Agreement | Maybe |
| Catering | YES |
| Naming Rights Gift or Contract | |
| Corporate or Pseudo-Corporate Naming | Maybe |
| Joint Venture | YES |
| Other | |
| Parking spaces | YES |
| Special Legal Entitlement to Third Party | YES |
| Special Economic Benefit to Third Party | YES |