The “Internal Revenue Code of 1986”, as amended, 1 limits the total amount of tax-exempt private activity bonds which may be issued
by any state and its political subdivisions in each year by imposing volume caps. Said code allows each state to provide by law a formula for allocating the state
volume cap among the issuing authorities of the state. This part 17 is enacted to establish an allocation formula for the state of Colorado
which maximizes the state's total tax-exempt private activity bond issuance authority
and which provides an orderly and equitable process of allocating such authority among
issuing authorities of this state.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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