When used for such purposes, the IRS code places use limitations on at least 95% of the bond proceeds.

Part of the bond proceeds are scheduled to be used to pay for rehabilitation of the bridge.

The $150 million loan is intended to fill that shortfall and would be repaid by bond proceeds, presuming the state prevails in court.

The extra bond proceeds would go toward balancing the budget this year, but be paid off over the next decades.

Even with the bond proceeds, it has $50 million less in available credit.

The Tax Reform Act of 1986 greatly reduced private activities that may be financed with tax-exempt bond proceeds.

The remainder of the bond proceeds were used for other improvements, including the addition of seven new branch buildings.

The bond proceeds will be used for a variety of projects previously authorized by the Board of Legislators.

The remainder of the bond proceeds will be used to cover deficits in the current fiscal year.

This proposal raises the specter of past abuses where municipal bond proceeds were used solely for private ventures.