build America bond
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 54AA — for purposes of this section
For purposes of this section, the term “build America bond” means any obligation (other than a private activity bond) if—
(A) the interest on such obligation would (but for this section) be excludable from gross income under section 103,
(B) such obligation is issued before January 1, 2011, and
(C) the issuer makes an irrevocable election to have this section apply.