Iowa Administrative Code
Agency 265 - IOWA FINANCE AUTHORITY
Chapter 8 - PRIVATE ACTIVITY BOND ALLOCATION
Rule 265-8.9 - Use by political subdivisions
Universal Citation: IA Admin Code 265-8.9
Current through Register Vol. 46, No. 19, March 20, 2024
With respect to the amount of the state ceiling allocated for the purpose of private activity bonds issued by political subdivisions, the proceeds of which are used by the issuing political subdivisions under Iowa Code section 7C.4A(6), the political subdivision must use the proceeds to finance a project owned or utilized directly by the political subdivision, or finance a program of the political subdivision which the legislature by statute has authorized or directed the political subdivision to implement.
This rule is intended to implement Iowa Code section 7C.4A(6).
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