Type II securities; guidelines for obligations issued for university and housing purposes.

CFR · 2024-01-01 · US · Title 12

(a) (1) Qualifies as an investment security, as defined in § 1.2(e); and (2) Is issued for the appropriate purpose and by a qualifying issuer. (b) (2) An obligation that finances the construction or improvement of facilities used by a hospital may be eligible as a Type II security, if the hospital is a department or a division of a university, or otherwise provides a nexus with university purposes, such as an affiliation agreement between the university and the hospital, faculty positions of the hospital staff, and training of medical students, interns, residents, and nurses ( (c)

official document · source cfr-2024 · id 12:§ 1.130