Hawaii Revised Statutes 39B-3 – Application of allocation
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Terms Used In Hawaii Revised Statutes 39B-3
- Annual state ceiling: means the principal amount of private activity bonds which may be issued in each calendar year by all issuers and counties in the State under the Internal Revenue Code of 1986, as the same may be amended. See Hawaii Revised Statutes 39B-1
- county: includes the city and county of Honolulu. See Hawaii Revised Statutes 1-22
- Issuer: means any state department, board, commission, officer, or authority, or private not-for-profit corporation authorized under the laws of the State to issue private activity bonds. See Hawaii Revised Statutes 39B-1
The extent to which all or any part of an allocation made to a county or an issuer pursuant to § 39B-2 is applied to a project subject to the annual state ceiling shall be evidenced by a certificate of the issuer or the director of finance of a county, as applicable.