162-M:1 Definitions. – As used in this chapter, the following terms shall have the following meanings: I. "Carryforward purpose" shall have the meaning given to it in section 146(f)(5) of the code. II. "Code" means the United States Internal Revenue Code of 1986, as amended. III. "Housing bond" means a qualified mortgage bond as […]
162-M:2 Allocation Formula. – Pursuant to section 146 of the code, the state hereby establishes for calendar year 1988 and each calendar year thereafter its formula for allocating the state ceiling among issuers as follows: I. All of the state ceiling on private activity bonds which may be issued in any calendar year is […]
162-M:3 Policy. – In making assignments of state ceiling under this chapter, the housing finance authority and the business finance authority shall seek to distribute state ceiling as fairly as practicable among state and local issuers and shall take into consideration state and local development plans and policies. Source. 1987, 120:1. 1992, 262:13, eff. […]
162-M:4 Cooperation. – The housing finance authority and the business finance authority shall cooperate to carry out the purposes of this chapter and to ensure that the state ceiling is utilized to the fullest extent possible. Source. 1987, 120:1. 1992, 262:13, eff. May 15, 1992.
162-M:5 Reports by Issuers. – Each issuer shall notify the office of investment and debt management and the authority from which it received an assignment of state ceiling of each issuance of bonds that required an allocation of state ceiling by filing a copy of the information reporting statement required by section 149(e) of […]
162-M:6 Certification by State Official. – Any member or officer of an issuer expressly designated from time to time for the purpose is authorized to make the certification required by section 149(e)(2)(F) of the code. Source. 1987, 120:1, eff. May 7, 1987.
