N.Y. Private Activity Bond 47/90 § 8: Ineligible local agencies

* § 8. Ineligible local agencies. To the extent that any allocation of

the local agency set-aside would be made by this act to a local agency

which is ineligible to receive such allocation under the code or under

regulations interpreting the state volume ceiling provisions of the

code, such allocation shall instead be made to the political subdivision

for whose benefit that local agency was created.

* NB Repealed January 1, 1991