California Government Code

§ 8869.86

GOV § 8869.86 Effective Jan 1, 2016Div. 1 · Title 2 · Ch. 11.8

Statute text

(a)Subject to any limitations on transferred private activity bond limit as may be provided in subdivision (d) of Section 8869.85, any state agency or local agency may utilize its private activity bond limit for any of the following:

(1)The issuance of private activity bonds.

(2)If permitted by the committee, to make a carryforward election pursuant to Section 142(k) or Section 146(f) of the Internal Revenue Code.

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Legislative history

Amended by Stats. 2015, Ch. 277, Sec. 5. (AB 1195) Effective January 1, 2016.