California Government Code

§ 8869.88

GOV § 8869.88Div. 1 · Title 2 · Ch. 11.8

Statute text

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.

Legislative history

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