Private Business Use
Any third-party use, either direct or indirect, or special legal entitlement of use of one of VCU’s tax-exempt debt financed facilities for the benefit of an outside third party. This "Bad Use" of a tax-advantaged financed facility by or for the benefit of third-party entities may include not-for-profit or for‐profit entities, or the Federal Government. The use by any other agency of the Commonwealth is not bad use. There are special rules relating to use for sponsored research. Management and development contracts with private parties also can create bad use.
Below are links to maps highlighting tax-advantaged financed facilities that require private business use monitoring for bond compliance.