qualified purpose
Defined in 1 place of the United States Code.
The term “qualified purpose” means, with respect to any qualified zone academy—
(A) rehabilitating or repairing the public school facility in which the academy is established,
(B) providing equipment for use at such academy,
(C) developing course materials for education to be provided at such academy, and
(D) training teachers and other school personnel in such academy.
Source
- 1997–present26 U.S.C. § 1397EInternal Revenue Code · Credit to holders of qualified zone academy bonds · for purposes of this section