### Question
How does the law define real property construction or improvement financing agreement?


### Answer
Under *26 U.S.C. § 6323*, **real property construction or improvement financing agreement** is defined as:

> an agreement to make cash disbursements to finance—



(i) the construction or improvement of real property,



(ii) a contract to construct or improve real property, or



(iii) the raising or harvesting of a farm crop or the raising of livestock or other animals

#### Citation:
  - *26 U.S.C. § 6323*
  - Heading: **Subtitle F-Procedure and Administration > CHAPTER 64-COLLECTION > Subchapter C-Lien for Taxes > PART II-LIENS**

