[Code of Federal Regulations] [Title 26, Volume 2] [Revised as of April 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 26CFR1.148-2A] [Page 754] TITLE 26--INTERNAL REVENUE CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY (CONTINUED) PART 1_INCOME TAXES--Table of Contents Sec. 1.148-2A General arbitrage yield restriction rules. (a) through (b)(2)(i) [Reserved]. For guidance see Sec. 1.148-2. (b)(2)(ii) Exceptions to certification requirement. An issuer is not required to make a certification for an issue under Sec. 1.148- 2(b)(2)(i) if-- (A) The issuer reasonably expects as of the issue date that there will be no unspent gross proceeds after the issue date, other than gross proceeds in a bona fide debt service fund (e.g., equipment lease financings in which the issuer purchases equipment in exchange for an installment payment note); or (B) The issue price of the issue does not exceed $1,000,000. [T.D. 8538, 59 FR 24042, May 10, 1994. Redesignated by T.D. 8718, 62 FR 25507, May 9, 1997]