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Session Laws, 1985
Volume 760, Page 4171   View pdf image
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HARRY HUGHES, Governor

4171

the facilities for which the additional
allocation is sought,

(D) the amount of allocation requested,

(E) the willingness of the Municipal
Corporation and the County in which it is
located to cooperate with each other to
accommodate each other's economic
development efforts, and

(F) any other factor the Secretary considers
relevant.

(3)  Additional Allocations to the State. The
Secretary may at any time allocate any portion
of the Remaining Allocation not allocated
pursuant to Sections 1(c)(1) and 1(c)(2) above
to any State Issuer or State Issuers.

(4)  Conclusiveness of Secretary's Findings. Any
finding or determination by the Secretary
pursuant to this Section 1(c), including the
public purpose of any allocation made, shall be
conclusive.

Section 2. Allocations to Local Issuers Other than
Counties. In addition to allocations which may be made to
Municipal Corporations pursuant to. Section (1)(c)(2) above, .
Local Issuers other than Counties may receive allocations as
provided in this Section 2. Subject to Section 6 below, any
County granted an allocation under this Proclamation may, in
its sole discretion, allocate all or a portion of its
allocation to any Local Issuer within its boundaries, and
may, except to the extent that such Local Issuer has issued
Private Activity Bonds which are subject to the State
Ceiling, reduce or reallocate such allocations after thirty
days prior written notice or after receipt of consent of
such Local Issuer. Except as provided in Section 1(c)(2)
above and Section 3(a) below,

(a)  If such Local Issuer (other than a Municipal
Corporation) has issued Private Activity Bonds which
are subject to the State Ceiling before the date of
this Proclamation, such Local Issuer shall
immediately notify the County of such issues, and
upon receipt of such notice the County shall be
deemed to have allocated the requisite portion of
the County's allocation (including any additional
allocation received pursuant to Section 3(b) below)
to such Local Issuer., and

(b)  If a Municipal Corporation has issued. Private
Activity Bonds which are subject to the State
Ceiling before the date of this Proclamation, the

 

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Session Laws, 1985
Volume 760, Page 4171   View pdf image
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