§74-5103. Pooling issuer - Authority.
91 words·~1 min read·
/ok/title-74-state-government/74-5103·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A pooling issuer is authorized to:
1. Issue a debt obligation which pools issuances of other public entities authorized by a municipality, town or county to issue tax apportionment or tax increment bonds, notes, or other forms of obligations pursuant to the Local Development Act; and
2. Attract private investment into the pooled issuance by either the direct investment of funds or by providing a guarantee for debt service for the purpose of implementing the Local Development Financing Act. Added by Laws 2004, c. 527, § 2, eff. July 1, 2004.