# Prop. Treas. Reg. § 1.141-16: Effective dates.

Proposed regulation, not in force. FI-72-88, 94-31430, published 1994-12-30 <https://www.federalregister.gov/documents/1994/12/30/94-31430/definition-of-private-activity-bonds>. Interprets 26 U.S.C. § 141.

Par. 4. Sections 1.141-0 through 1.141-16 are added to read as follows:

(a) Scope. The effective dates in this section apply for purposes of Secs. 1.141-1, through 1.141-16, 1.145-1, 1.150-1(a)(3), and 1.1394- 1 (the private activity bond regulations).

(b) Effective dates. Except as otherwise provided in this section, the private activity bond regulations apply to bonds issued on or after the date that is 60 days after publication of final regulations in the Federal Register (the effective date) that are subject to section 1301 of the Tax Reform Act of 1986.

(c) Refunding bonds. The private activity bond regulations do not apply to bonds issued on or after the effective date to refund a bond to which the private activity bond regulations do not apply unless--

(1) The weighted average maturity of the refunding bonds is greater than the remaining weighted average maturity of the refunded bonds; or

(2) A principal purpose for the issuance of the refunding bonds is to make one or more new conduit loans.

(d) Permissive application of regulations. Except as otherwise provided, the private activity bond regulations may be applied in whole, but not in part, to--

(1) Bonds issued after December 30, 1994 and before the effective date; or

(2) Refunding bonds issued on or after the effective date.

(e) Permissive retroactive application of certain sections. The following sections may each be applied to any bonds issued before the effective date:

(1) Section 1.141-6;

(2) Section 1.141-13; and

(3) Section 1.141-14.