7C.4  Maximum amount of bonds.

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.

Section History: Recent form

  85 Acts, ch 225, § 6; 87 Acts, ch 171, § 3

Internal References

  Referred to in § 7C.12


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