Instructions For Form 8038-G - 2012 (Page 2 of 4) in pdf

when issued for cash, the issue price is

an irrevocable election to pay a penalty.

communicate directly with the individual

the first price at which a substantial

entered on line 3a and consents to

The penalty is equal to 1

% of the

amount of the obligations are sold to the

disclose the issuer's return information to

amount of construction proceeds that do

public. To determine the issue price of an

that individual, as necessary, to process

not meet certain spending requirements.

obligation issued for property, see

this return.

See section 148(f)(4)(C) and the

sections 1273 and 1274 and the related

Instructions for Form 8038-T.

Lines 4 and 6. If you listed an individual

regulations.

on line 3a to communicate with the IRS

Pooled financing issue. This is an issue

Issue. Generally, obligations are treated

and whom the IRS may contact about this

of tax-exempt bonds, the proceeds of

as part of the same issue if they are issued

return, enter the number and street (or

which are to be used to finance purpose

by the same issuer, on the same date, and

P.O. box if mail is not delivered to street

investments representing conduit loans to

in a single transaction, or a series of

address), city, town, or post office, state,

two or more conduit borrowers, unless

related transactions. However, obligations

and ZIP code of that person. Otherwise,

those conduit loans are to be used to

issued during the same calendar year (a)

enter the issuer's number and street (or

finance a single capital project.

under a loan agreement under which

P.O. box if mail is not delivered to street

Specific Instructions

amounts are to be advanced periodically

address), city, town, or post office, state,

(a “draw-down loan”) or (b) with a term not

and ZIP code.

Part I—Reporting Authority

exceeding 270 days, may be treated as

Note. The address entered on lines 4 and

part of the same issue if the obligations

Amended return. An issuer may file an

6 is the address the IRS will use for all

are equally and ratably secured under a

amended return to change or add to the

written communications regarding the

single indenture or loan agreement and

information reported on a previously filed

processing of this return, including any

are issued under a common financing

return for the same date of issue. If you

notices.

arrangement (for example, under the

are filing to correct errors or change a

same official statement periodically

Line 5. This line is for IRS use only. Do

previously filed return, check the

updated to reflect changing factual

not make any entries in this box.

Amended Return box in the heading of the

circumstances). Also, for obligations

form.

Line 7. The date of issue is generally the

issued under a draw-down loan that meet

The amended return must provide all

date on which the issuer physically

the requirements of the preceding

the information reported on the original

exchanges the bonds that are part of the

sentence, obligations issued during

return, in addition to the new or corrected

issue for the underwriter's (or other

different calendar years may be treated as

information. Attach an explanation of the

purchaser's) funds. For a lease or

part of the same issue if all of the amounts

reason for the amended return and write

installment sale, enter the date interest

to be advanced under the draw-down loan

across the top, “Amended Return

starts to accrue in an MM/DD/YYYY

are reasonably expected to be advanced

Explanation.” Failure to attach an

format.

within 3 years of the date of issue of the

explanation may result in a delay in

first obligation. Likewise, obligations (other

Line 8. If there is no name of the issue,

processing the form.

than private activity bonds) issued under a

please provide other identification of the

single agreement that is in the form of a

Line 1. The issuer's name is the name of

issue.

lease or installment sale may be treated

the entity issuing the obligations, not the

Line 9. Enter the CUSIP (Committee on

as part of the same issue if all of the

name of the entity receiving the benefit of

Uniform Securities Identification

property covered by that agreement is

the financing. For a lease or installment

Procedures) number of the bond with the

reasonably expected to be delivered

sale, the issuer is the lessee or the

latest maturity. If the issue does not have a

within 3 years of the date of issue of the

purchaser.

CUSIP number, write “None.”

first obligation.

Line 2. An issuer that does not have an

Line 10a. Enter the name and title of the

Arbitrage rebate. Generally, interest on

employer identification number (EIN)

officer or other employee of the issuer

a state or local bond is not tax-exempt

should apply for one on Form SS-4,

whom the IRS may call for more

unless the issuer of the bond rebates to

Application for Employer Identification

information. If the issuer wishes to

the United States arbitrage profits earned

Number. You can get this form on the IRS

designate a person other than an officer or

from investing proceeds of the bond in

website at IRS.gov or by calling

other employee of the issuer (including a

higher yielding nonpurpose investments.

1-800-TAX-FORM (1-800-829-3676). You

legal representative or paid preparer)

See section 148(f).

may receive an EIN by telephone by

whom the IRS may call for more

following the instructions for Form SS-4.

Construction issue. This is an issue of

information about the return, enter the

tax-exempt bonds that meets both of the

Line 3a. If the issuer wishes to authorize

name, title, and telephone number of such

following conditions:

a person other than an officer or other

person on lines 3a and 3b.

1. At least 75% of the available

employee of the issuer (including a legal

Complete lines 10a and 10b even

construction proceeds are to be used for

representative or paid preparer) to

if you complete lines 3a and 3b.

construction expenditures with respect to

communicate with the IRS and whom the

property to be owned by a governmental

IRS may contact about this return

CAUTION

unit or a section 501(c)(3) organization,

(including in writing or by telephone), enter

Part II—Type of Issue

and

the name of such person here. The person

Elections referred to in Part II are

listed in line 3a must be an individual. Do

2. All the bonds that are part of the

made on the original bond

not enter the name and title of an officer or

issue are qualified 501(c)(3) bonds, bonds

documents, not on this form.

other employee of the issuer here (use

that are not private activity bonds, or

CAUTION

line 10a for that purpose).

private activity bonds issued to finance

Identify the type of obligations issued by

property to be owned by a governmental

entering the corresponding issue price

Note. By authorizing a person other than

unit or a section 501(c)(3) organization.

(see Issue price under Definitions earlier).

an authorized officer or other employee of

Attach a schedule listing names and EINs

In lieu of rebating any arbitrage that

the issuer to communicate with the IRS

of organizations that are to use proceeds

may be owed to the United States, the

and whom the IRS may contact about this

of these obligations, if different from those

issuer of a construction issue may make

return, the issuer authorizes the IRS to

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Instructions For Form 8038-G - 2012 Page 2

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