What is the 50% Test The 50% test is calculated by dividing the Bond Proceeds by the Aggregate Basis of the Project. For these purposes:
{"Image DocumentName": "What is the 50% Test?The 50% test is calculated by dividing the Bond Proceeds by the Aggregate Basis of the Project. For these purposes:", "Image ImageDescription": "Bond Proceeds: Include only the amount of bonds used to finance the acquisition, hard construction and soft costs of the project. Generally this will equal the mortgage amount. Bond Proceeds do include interest earned on the bonds or bond reserve funds. Aggregate Basis: Includes the Project\u2019s depreciable basis and land costs.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}