### Question
How is the "tax-exempt financing" defined?


### Answer
The term **tax-exempt financing** is defined in *26 U.S.C. § 145* as follows -

> financing provided by tax-exempt bonds

#### Citation:
  - *26 U.S.C. § 145*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART IV-TAX EXEMPTION REQUIRE- > Subpart A-Private Activity Bonds**

