### Question
How does the law define qualified public educational facility?


### Answer
Under *26 U.S.C. § 142*, **qualified public educational facility** is defined as:

> any school facility which is—


(A) part of a public elementary school or a public secondary school, and


(B) owned by a private, for-profit corporation pursuant to a public-private partnership agreement with a State or local educational agency described in paragraph (2)

#### Citation:
  - *26 U.S.C. § 142*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IV-TAX EXEMPTION REQUIREMENTS FOR STATE AND LOCAL BONDS > Subpart A-Private Activity Bonds**

