[Federal Register Volume 67, Number 229 (Wednesday, November 27, 2002)]
[Rules and Regulations]
[Page 70845]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-30140]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9016]
RIN 1545-AY71


Obligations of States and Political Subdivisions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

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SUMMARY: This document contains corrections to final regulations that 
were published in the Federal Register on Monday, September 23, 2002 
(67 FR 59756) relating to the definition of private activity bonds 
applicable to tax-exempt bonds issued by state and local governments 
for output facilities.

DATES: This correction is effective November 22, 2002.

FOR FURTHER INFORMATION CONTACT: Rose M. Weber (202) 622-3880 (not a 
toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The final regulations that are the subject of these corrections is 
under section 141 of the Internal Revenue Code.

Need for Correction

    As published, the final regulations contain errors that may prove 
to be misleading and are in need of clarification.

Correction of Publication

    Accordingly, the publication of final regulations (TD 9016), that 
were the subject of FR Doc. 02-24137, is corrected as follows:
    1. On page 59758, column 2, in the preamble under the paragraph 
heading ``Explanation of Provisions'', first line, the language 
``through 821(c) (or by a state authority'' is corrected to read 
``through 825r (or by a state authority''.


Sec.  1.141-7  [Corrected]

    2. On page 59761, column 2, Sec.  1.141-7(g)(1)(ii)(B), line 5, the 
language ``Act (16 U.S.C. 791a through 821c) (or by'' is corrected to 
read ``Act (16 U.S.C. 791a through 825r) (or by''.
    3. On page 59761, column 3, Sec.  1.141-7(g)(3), fifth line from 
the top of the column, the language ``U.S.C. 791a through 821(c) (does 
not'' is corrected to read ``U.S.C. 791a through 825r) (or by a state 
regulatory authority under comparable provisions of state law) does 
not''.

Cynthia E. Grigsby,
Chief, Regulations Unit, Associate Chief Counsel, (Income Tax and 
Accounting).
[FR Doc. 02-30140 Filed 11-26-02; 8:45 am]
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