Code of Massachusetts Regulations
801 CMR - EXECUTIVE OFFICE FOR ADMINISTRATION AND FINANCE
Title 801 CMR 30.00 - Allocation Of State Ceiling On Volume Of Private Activity Bonds
Section 30.03 - Assignment to the Commonwealth of Massachusetts

Universal Citation: 801 MA Code of Regs 801.30
Current through Register 1531, September 27, 2024

Pursuant to St. 1988, c. 211, § 2, all of Massachusetts' annual state ceiling is assigned to the Commonwealth of Massachusetts. The Executive Office for Administration and Finance ("A&F") shall at its discretion allocate any of such state ceiling to issuers within the state, including municipalities and issuers of student loan bonds, housing bonds and other private activity bonds requiring allocation. A&F may also reassign any of the annual state ceiling to the Department of Community Affairs ("DCA") or to the Massachusetts Industrial Finance Agency ("MIFA") for further allocation or carryforward. Any such reassignment shall be in writing and shall be subject to such conditions an A&F may specify, including the prior approval by A&F of guidelines issued by DCA and MIFA, and shall specify when and if such reassignment shall expire.

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