“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 of the United States of America, 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.
R.I. Gen. Laws § 35-22-3
Definitions
Known as the Private Activity Bond Approval Act
The act spans §§ 35–35 (4 sections).
P.L. 2011, ch. 350, § 1; P.L. 2011, ch. 391, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.