6-20-10. Extensions.
68 words·~1 min read·
/nm/chapter-6-public-finances/article-20-private-activity-bonds/6-20-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The allocation expiration date may be extended by the board for each allocation; provided, however, that the allocation expiration date for any allocation shall automatically be extended for thirty days with respect to that part of the allocation used by an issuing authority for private activity bonds which have been sold but not issued on or before the allocation expiration date.
History: Laws 1988, ch. 46, § 10.