[Federal Register Volume 72, Number 200 (Wednesday, October 17, 2007)]
[Rules and Regulations]
[Page 58758]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-20488]



[[Page 58758]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 9339]
RIN 1545-BG44


Qualified Zone Academy Bonds; Obligations of States and Political 
Subdivisions; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final and temporary regulations.

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SUMMARY: This document contains a correction to final and temporary 
regulations (TD 9339) that were published in the Federal Register on 
Friday, September 14, 2007 (72 FR 52470) providing guidance to state 
and local governments that issue qualified zone academy bonds and to 
banks, insurance companies, and other taxpayers that hold those bonds 
on the program requirements for qualified zone academy bonds.

DATES: The correction is effective October 17, 2007.

FOR FURTHER INFORMATION CONTACT: Timothy L. Jones or Zoran Stojanovic, 
(202) 622-3980 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final and temporary regulations that are the subject of this 
correction are under section 1397E of the Internal Revenue Code.

Need for Correction

    As published, final and temporary regulations (TD 9339) contain an 
error that may prove to be misleading and is in need of clarification.

Correction of Publication

    Accordingly, the publication of the final and temporary regulations 
(TD 9339), which was the subject of FR Doc. E7-18180, is corrected as 
follows:
    On page 52470, column 2, in the preamble, under the paragraph 
heading ``Correction of Publication'', last two lines of the fifth 
paragraph, the language ````Sec.  1.1379E(m),'' is corrected to read 
``Sec.  1.1379E--1T(m).'''' is corrected to read ````Sec.  
1.1397E(m),'' is corrected to read ``Sec.  1.1397E-1T(m).''''.

LaNita Van Dyke,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
 [FR Doc. E7-20488 Filed 10-16-07; 8:45 am]
BILLING CODE 4830-01-P