test-period beneficiary
Defined in 1 place of the United States Code.
For purposes of this paragraph, except as provided in regulations, the term “test-period beneficiary” means any person who is an owner or a principal user of facilities being financed by the issue at any time during the 3-year period beginning on the later of—
(i) the date such facilities were placed in service, or
(ii) the date of issue.
Source
- 1994–present26 U.S.C. § 144Internal Revenue Code · Qualified small issue bond; qualified student loan bond; qualified redevelopment bond · in this section