* § 9. Municipal reallocation. The chief executive officer of any
political subdivision or, if such political subdivision has no chief
executive officer, the governing board of the political subdivision for
the benefit of which a local agency has been established, may withdraw
all or any portion of the allocation granted by section three of this
act to such local agency. The political subdivision may then reallocate
all or any portion of such allocation, as well as all or any portion of
the allocation received pursuant to section eight of this act, to itself
or any other issuer established for the benefit of that political
subdivision or may assign all or any portion of the allocation received
pursuant to section eight of this act to the local agency created for
its benefit. The chief executive officer or governing board of the
political subdivision, as the case may be, shall notify the commissioner
of any such reallocation.
* NB Repealed January 1, 1991