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Agenda Package - 10-12-09 Jt. Meeting
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Agenda Package - 10-12-09 Jt. Meeting
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11/6/2009 8:20:25 AM
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11/6/2009 8:18:29 AM
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Admin-Clerk
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Agenda
Committee
Board of Commissioners
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national volume cap for Recovery Zone Facility Bonds under 14000-2 and 14000-3, <br />respectively, are reallocated locally among the counties and large municipalities within <br />the States (except that no such local reallocations are being provided for the <br />Possessions of the United States (see Section 6.05 of this Notice below)) in a document <br />regarding the Recovery Zone Bond volume cap allocations being posted on the IRS's <br />website at the following web address: http://www.irs.qc)v/taxexemptbond/index.htmi <br />under the heading in the index entitled "IRS Releases Guidance on ARRA Bond <br />Provisions," to be available on the same date that this Notice is released publicly. <br />Stated differently, these local suballocations will be accessible by going to the IRS <br />website at http://ww.irs.gov, then clicking on the heading "Tax-exempt Bond <br />Community" in the top right corner, then clicking on the heading in the index entitled <br />"IRS Releases Guidance on ARRA Bond Provisions," and then clicking on the <br />subheading regarding the Recovery Zone Bond volume cap allocations, starting on the <br />same date that this Notice is released publicly. <br />05. SPECIAL RULES FOR VOLUME CAP ALLOCATIONS RECEIVED BY THE <br />POSSESSIONS <br />In recognition of the disparate local governmental organizational structures and <br />disparate availability of employment data for the Possessions of the United States, the <br />Possessions may allocate locally, reallocate locally, or use directly their respective State <br />allocations of volume cap for Recovery Zone Bonds in any reasonable manner as they <br />may determine in good faith in their discretion. <br />SECTION 7. EFFECTIVE DATE OF VOLUME CAP ALLOCATIONS <br />19 <br />
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