qualified annexed area
Defined in 1 place of the United States Code.
The term “qualified annexed area” means, with respect to the governmental unit acquiring the property, any area if—
(I) such area is contiguous to, and annexed for general governmental purposes into, a qualified service area of such unit,
(II) output from such property is made available to all members of the general public in the annexed area, and
(III) the annexed area is not greater than 10 percent of such qualified service area.
Source
- 1994–present26 U.S.C. § 141Internal Revenue Code · Private activity bond; qualified bond · in this section