Statutes > Iowa Statutes > Title 1 - State Sovereignty and Management > Subtitle 4 - Executive Branch > CHAPTER 7C - PRIVATE ACTIVITY BOND ALLOCATION ACT > 7C.4 - MAXIMUM AMOUNT OF BONDS.

7C.4 - MAXIMUM AMOUNT OF BONDS.

        7C.4  MAXIMUM AMOUNT OF BONDS.
         The aggregate principal amount of bonds which are subject to
      section 146 of the Internal Revenue Code which may be issued by all
      political subdivisions during a calendar year shall not exceed the
      state ceiling for that calendar year, except as provided in section
      7C.8.
         Section History: Recent Form
         85 Acts, ch 225, § 6; 87 Acts, ch 171, § 3
         Referred to in § 7C.12