§ 991 - Definitions - Vermont Statutes

§ 991. Definitions

As used in this subchapter:

(1) "Private activity bond" shall have the meaning ascribed to it in Section 141 of the Internal Revenue Code of 1986, as amended. The use of such term in this subchapter is for reference purposes only, and shall not imply that the state of Vermont agrees that any bond issued in accordance with such section is for a "private activity."

(2) "Issuing authority" means any agency or governmental unit or instrumentality of the state, or any public corporation established by the state, authorized by law to issue private activity bonds, including municipal corporations. It shall include, without limiting the generality of the foregoing, the Vermont economic development authority, the Vermont housing finance agency, the Vermont municipal bond bank and the Vermont student assistance corporation. (Added 1985, No. 25, § 1; amended 1987, No. 36, § 1, eff. Jan. 1, 1988; 1993, No. 89, § 3(a), eff. June 15, 1993.)