If an issuer enters into a transaction or series of transactions with respect to one or more issues with a principal purpose of transferring to nongovernmental persons (other than as members of the general public) significant benefits of tax-exempt financing in a manner that is inconsistent with the purposes of section 141, the Commissioner may take any action to reflect the substance of the transaction or series of transactions, including--
(1) Treating separate issues as a single issue for purposes of the private activity bond tests;
(2) Reallocating proceeds to expenditures, property, use, or bonds;
(3) Reallocating payments to use or proceeds;
(4) Measuring private business use on a basis that reasonably reflects the economic benefit in a manner different than as provided in section 1.141-3(g); and
(5) Measuring private payments or security on a basis that reasonably reflects the economic substance in a manner different than as provided in section 1.141-4.