{"id":4938,"date":"2023-04-05T15:51:00","date_gmt":"2023-04-05T15:51:00","guid":{"rendered":"https:\/\/qa.www.purdue.edu\/treasurer\/finance\/\/?page_id=4938"},"modified":"2026-04-15T12:30:10","modified_gmt":"2026-04-15T16:30:10","slug":"pbu-rules-regulations-and-guidance","status":"publish","type":"page","link":"https:\/\/www.purdue.edu\/treasurer\/finance\/financial-planning-and-analysis\/borrowing-information\/pbu-rules-regulations-and-guidance\/","title":{"rendered":"PBU Rules, Regulations and Guidance – Archive"},"content":{"rendered":"\n
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PBU Rules, Regulations and Guidance – Archive<\/h1>\n\n\n

To use our debt financed facilities at Purdue, private business use must adhere to state and federal rules and regulations. See below for IRS reference codes for private business use.<\/strong><\/p>\n\n\n\n

IRS Reference<\/th>Guidance<\/th>Date<\/th><\/tr><\/thead>
IRC 1.141<\/td>General Definitions<\/a><\/td>7\/18\/2016<\/td><\/tr>
IRC 1.141-2<\/td>Private activity bond tests<\/a><\/td>9\/23\/2002<\/td><\/tr>
IRC 1.141-3<\/td>Definition of private business use<\/a><\/td>10\/27\/2015<\/td><\/tr>
IRC 1.141-7<\/td>Special Rules for Output Facilities<\/a><\/td>11\/27\/2002<\/td><\/tr>
IRC 1.141-12<\/td>Sale of assets financed with tax-exempt bonds (5)(c)<\/a><\/td>10\/27\/2015<\/td><\/tr>
IRC 1.141-6<\/td>Allocation and Accounting Rules<\/a><\/td>10\/27\/2015<\/td><\/tr>
PLR 200323006<\/td>Private activity bonds \u2013 private business use test (naming rights)<\/a><\/td>11\/22\/2002<\/td><\/tr>
Rev Proc 97-13<\/td>Conditions under which a management contract does not result in private use<\/a><\/td>5\/16\/1997<\/td><\/tr>
Rev Proc 97-14<\/td>Conditions under which a research agreement does not result in private business use<\/a> (superceded by 2007-47)<\/td>5\/16\/1997<\/td><\/tr>
Rev Proc 2001-39, 2001-2<\/td>Definitions of capitation fee and per-unit fee <\/a>\u2013 automatic increases in fees<\/a><\/td>7\/9\/2001<\/td><\/tr>
Rev Proc 2007-47<\/td>Conditions under which a research agreement does not result in private business use<\/a><\/td>6\/26\/2007<\/td><\/tr>
Rev Proc 2016-44<\/td>Conditions under which a management contract does not result in private business use (superseded by 2017-13)<\/a><\/td>8\/22\/2016<\/td><\/tr>
Rev Proc 2017-13<\/td>Clarifications around certain management contracts, especially in P3 contracts<\/a> (clarifies and replaces 2016-44)<\/td>1\/17\/2017<\/td><\/tr>
IR Bulletin  2014-67<\/td>Adds to 97-13 Section 5.03(7) for certain five-year arrangements<\/a><\/td>1\/22\/2015<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":8,"featured_media":0,"parent":1005,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-4938","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.purdue.edu\/treasurer\/finance\/wp-json\/wp\/v2\/pages\/4938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.purdue.edu\/treasurer\/finance\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.purdue.edu\/treasurer\/finance\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/treasurer\/finance\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/treasurer\/finance\/wp-json\/wp\/v2\/comments?post=4938"}],"version-history":[{"count":3,"href":"https:\/\/www.purdue.edu\/treasurer\/finance\/wp-json\/wp\/v2\/pages\/4938\/revisions"}],"predecessor-version":[{"id":34755,"href":"https:\/\/www.purdue.edu\/treasurer\/finance\/wp-json\/wp\/v2\/pages\/4938\/revisions\/34755"}],"up":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/treasurer\/finance\/wp-json\/wp\/v2\/pages\/1005"}],"wp:attachment":[{"href":"https:\/\/www.purdue.edu\/treasurer\/finance\/wp-json\/wp\/v2\/media?parent=4938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}