Cal. Gov. Code § 8869.88

Current through the 2024 Legislative Session.
Section 8869.88 - Transfer of private activity bond limit to joint powers authority

The committee may transfer any private activity bond limit directly to any joint powers authority created pursuant to Chapter 5(commencing with Section 6500) of Division 7 of Title 1. This section is specifically intended to be an expressed statement of an alternative allocation as provided in Temporary Treasury Regulations Section 1.103(n)-3T, A-14 and A-15, to the extent the regulations, or any successor thereto or similar regulations, are applicable to private activity bonds.

Ca. Gov. Code § 8869.88

Added by Stats. 1987, Ch. 943, Sec. 2.5.