Idaho § 50-2803 ALLOCATION FORMULA

Idaho Statutes

§ 50-2803 — ALLOCATION FORMULA

Idaho·Title 50 MUNICIPAL CORPORATIONS·Ch. 28 IDAHO PRIVATE ACTIVITY BOND CEILING ALLOCATION ACT

The entire state ceiling for the year, including any carry-forward under section 146(f) of the Internal Revenue Code, shall be allocated by the following formula. The state ceiling shall be allocated by the state to governmental units, as needed to finance qualified projects and programs under the Internal Revenue Code, as amended, on the basis of effective utilization, need, economic impact and efficient distribution of resources throughout the state by the department of commerce. The allocation formula established by this section shall be implemented and administered by the governor pursuant to the terms and provisions of an executive order which shall make provisions for priorities of projects and programs based on the formula. No qualified applicant for the state ceiling shall render d

Free access — add to your briefcase to read the full text and ask questions with AI

The entire state ceiling for the year, including any carry-forward under section 146(f) of the Internal Revenue Code, shall be allocated by the following formula. The state ceiling shall be allocated by the state to governmental units, as needed to finance qualified projects and programs under the Internal Revenue Code, as amended, on the basis of effective utilization, need, economic impact and efficient distribution of resources throughout the state by the department of commerce. The allocation formula established by this section shall be implemented and administered by the governor pursuant to the terms and provisions of an executive order which shall make provisions for priorities of projects and programs based on the formula. No qualified applicant for the state ceiling shall render decisions in the allocation formula.

Idaho § 50-2803 (ALLOCATION FORMULA) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.