9-20-102 - Legislative purpose Reassignment of allocations.
9-20-102. Legislative purpose Reassignment of allocations.
(a) The purpose of this chapter is to provide a procedure for allocating the state's private activity bond authority among governmental units in the state having the authority to issue bonds under the Tax Reform Act of 1986.
(b) Allocations to local governments may be reassigned for issuance to all boards and authorities authorized to issue bonds on behalf of governmental units.
[Acts 1985, ch. 237, § 2; 1987, ch. 57, §§ 2-5.]