Good News for Sectarian Educational Institutions Issuing Tax-Exempt Bonds

Aquilio, Mark
March 2003
Review of Business;Spring2003, Vol. 24 Issue 2, p48
Academic Journal
Reports that the U.S. Sixth Circuit Court of Appeals has held that the issuance of tax-exempt bonds to a sectarian university does not violate the First Amendment. Reason for the fact that the issuance does not violate the amendment; Statutory overview of tax-exempt qualified private activity bonds; Details of the Steele versus Industrial Development Board of the Metropolitan Government Nashville case on tax-exempt revenue bonds.


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