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 |