"Host approval" means an approval by an applicable elected representative of a governmental unit, for purposes of Section 147(f)(2)(A)(ii) of the Internal Revenue Code, having jurisdiction over the area in which a facility is located that is to be financed with bonds issued by an issuer that does not have jurisdiction over the location of the facility.
30 ILCS 346/10
Definition
Known as the Private Activity Bond Approval Act
The act spans §§ 30-346-1 to 30-346-99 (5 sections).
P.A. 96-1493, eff. 1-1-11.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.