### Question
How is the term tribal economic development bond defined?


### Answer
The term **tribal economic development bond** is defined in *26 U.S.C. § 7871* as the following:

> any bond issued by an Indian tribal government—


(i) the interest on which would be exempt from tax under section 103 if issued by a State or local government, and


(ii) which is designated by the Indian tribal government as a tribal economic development bond for purposes of this subsection

#### Citation:
  - *26 U.S.C. § 7871*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 80-GENERAL RULES > Subchapter C-Provisions Affecting More Than One Subtitle**

