[§39C-1] Definitions.
142 words·~1 min read·
/hi/39c-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§39C-1] Definitions. Whenever used in this chapter, unless a different meaning clearly appears from the context:
"Bond" means any bond, note, or other evidence of indebtedness or lease with separately stated principal and interest components or certificates of participation therein.
"Department" means the department of budget and finance.
"Issuer" means any state or county department, board, commission, authority or officer, or not-for-profit corporation authorized to issue bonds under the laws of the State.
"State ceiling" means any annual or other limit on the principal amount of bonds that may be issued by issuers, with tax exempt interest, tax credits, interest subsidies or other benefits under the Internal Revenue Code of 1986, as amended, which limit is imposed under or pursuant to the American Recovery and Reinvestment Act, Public Law 111-5, or any subsequent federal legislation. [L 2011, c 33, pt of §2]