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Guidelines and Procedures for the Allocation of Private Activity Bonding Authority in Accordance with the Tax Reform Act of 1986 and 30 ILCS 345.

 
 Volume/Number:  2008 January 1 
 Issuing Agency:   
 Description:  The federal Tax Reform Act of 1986 the ACT as amended, imposes a limit on the aggregate amount of private activity bonds that can be issued in Illinois. The Governors Office is the entity charged with authority to allocate private activity bonds within the States limit among all the political subdivisions of the State. These guidelines and procedures are provided by the Governors Office to assist issuers in understanding how the allocation formula will be administered. 
 Date Created:  02 01 2008 
 Agency ID:   
 ISL ID:  000000013381   Original UID: 7260 FIRST WORD: Guidelines