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Code · Iowa · Chapter 7C — Private Activity Bond Allocation Act

7C.4 Maximum amount of bonds.

49 words·~1 min read·/ia/chapter-7c-private-activity-bond-allocation-act/7c-4

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The aggregate principal amount of bonds which are subject to section 146 of the Internal Revenue Code which may be issued by all political subdivisions during a calendar year shall not exceed the state ceiling for that calendar year, except as provided in section 7C.8.
Referred to in §7C.12
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