Florida Statutes 159.832 – Purpose
Current as of: 2023 | Check for updates
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Terms Used In Florida Statutes 159.832
- Code: means the Internal Revenue Code of 1986, as amended, and the regulations and rulings issued thereunder. See Florida Statutes 159.833
- Private activity bond: means any bond described in…. See Florida Statutes 159.833
The purpose of this part is to allocate the state volume limitation imposed by s. 142(k)(5)(A) of the code on private activity bonds to finance qualified public educational facilities. No private activity bond subject to the limitation in s. 142(k)(5)(A) of the code shall be issued in this state unless a written confirmation therefor is issued pursuant to this part.