Iowa Code § 7C.2
Declaration of intent
Redline — January 1, 2012 → current.View current text →
Current — January 1, 2014
As of January 1, 2012
It is the intention of the general assembly in enacting this chapter to:
It is the intention of the general assembly in enacting this chapter to:
1. Implement section 146 of the Internal Revenue Code by providing a different formula for allocating the state ceiling among the various governmental units which are authorized to issue private activity bonds under the laws of this state.
1. Implement section 146 of the Internal Revenue Code by providing a different formula for allocating the state ceiling among the various governmental units which are authorized to issue private activity bonds under the laws of this state.
2. Maximize the availability of the state ceiling to the issuers of private activity bonds within the state and thereby maximize the economic benefit to the citizens of the state from the issuance of private activity bonds.
2. Maximize the availability of the state ceiling to the issuers of private activity bonds within the state and thereby maximize the economic benefit to the citizens of the state from the issuance of private activity bonds.
85 Acts, ch 225, §4; 87 Acts, ch 171, §1
85 Acts, ch 225, §4; 87 Acts, ch 171, §1
Referred to in
Official source: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.