15.2-5005 - Changes by the federal government. - Virginia Statutes

§ 15.2-5005. Changes by the federal government.

If federal laws or regulations controlling private activity bonds are revisedso that the provisions of this chapter are affected or the tax exempt statusof certain private activity bonds expires or is extended, the Governor mayestablish measures through executive order to allocate Virginia's total bondissuing authority in accordance with the limitations and restrictionscontained in the revised federal law.

(1987, c. 306, § 15.1-1399.17; 1990, c. 299; 1997, c. 587.)