Private business use is the use of tax-advantaged bond-financed property (including property financed with tax-exempt bonds or build America bonds) in a trade or business carried on by a person other than a state or local government entity.
Potential private business use arrangements include:
If you plan to have any of the arrangements described above in a bond-financed facility, please contact University Financial Services Administration at pbu@uky.edu prior to entering into an agreement.