Legislation
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* NB Repealed January 1, 1991
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* NB Repealed January 1, 1991