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#2211600 - 04/19/19 01:01 PM Qualifying School Bonds
CRAzy_lady Offline
Joined: Dec 2012
Posts: 53
Do examiners generally consider school bonds for CRA based solely on the school's participation in the free/reduced lunch program?

If so, does consideration for these type of investments follow the same "rule" as a tax credit investment where a bank will receive "full credit" based on purchase price if the investment is made during the current exam cycle, and "partial credit" based on the book value if the investment was made during the previous exam cycle?

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#2211756 - 04/22/19 05:26 PM Re: Qualifying School Bonds CRAzy_lady
Tennismom Offline
Platinum Poster
Joined: Jan 2004
Posts: 762
Yes to both your questions.

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