Iowa Code § 7C.2
This is the official text of Iowa Code § 7C.2, part of Iowa’s Code — part of the compiled statutory law of Iowa, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Declaration of intent.
Official statutory text
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.
(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
(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.
85 Acts, ch 225, §4; 87 Acts, ch 171, §1
Status: in_force · Read it on the official government site
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