Legislation

Search OpenLegislation Statutes

Viewing most recent revision (from 2014-09-22)

SECTION 8

Ineligible local agencies

Private Activity Bond 47/90 (PAB) CHAPTER ROOT, TITLE 1

* § 8. Ineligible local agencies. To the extent that any allocation of
the local agency set-aside would be made by this act to a local agency
which is ineligible to receive such allocation under the code or under
regulations interpreting the state volume ceiling provisions of the
code, such allocation shall instead be made to the political subdivision
for whose benefit that local agency was created.
* NB Repealed January 1, 1991