§ 9-1-219 — Bond limit allocation authority

(a) The governor shall establish rules and regulations to
provide for the allocation of the private activity bond limit or
the unified volume limitation, whichever is established by the
United States Internal Revenue Code, among the governmental
units in the state having authority to issue private activity
bonds or nonessential governmental function bonds. The
objective of the rules shall be to establish an accessible,
equitable and efficient allocation process which advances the
state and local benefits of tax-exempt financing. To the extent
permitted by federal law, the rules may depart from federal
allocation requirements, including requirements for housing
bonds, redevelopment bonds and bonds issued by state and local
bond issuing authorities.
(b) Rulemaking under this section shall be subject to the
Wyoming Administrative Procedure Act.
(c) Repealed by Laws 1986, ch. 59, § 2.