Public Finance

Private Activity Bond Approval Act

SECTION 35-22-3

§ 35-22-3. Definitions.

"Host approval" means an approval by an applicable elected representative of a governmental unit, for purposes of section 147(f)(2)(A)(ii) of the Internal Revenue Code of the United States of America, having jurisdiction over the area in which a facility is located that is to be financed with bonds issued by an issuer that does not have jurisdiction over the location of the facility.

History of Section.
(P.L. 2011, ch. 350, § 1; P.L. 2011, ch. 391, § 1.)