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i <br /> I <br /> I <br /> <br /> i <br /> i <br />:1 <br /> I <br /> <br /> I <br /> I <br /> I <br /> <br />:1 <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br /> NOT I CE <br /> <br />TO ALL INDUSTRIAL DEVELOPMENT BOND <br /> ISSUERS AND INTERESTED PARTIES' <br /> <br /> The Department of Energy aad Economic Development has determined the ini- <br /> tial amounts of issuance authority for calendar year 1984 allocated to entitle- <br /> ment issuers submitting certifications of previous use to the Department <br /> pursuant to Minn. Laws 1984, ch. 582 ~ 15, to be codified as Minn. Stat. ~ <br /> 474.18, subd. 2. The initi.al allocations set forth below are subject to change <br /> after enactment of a federal limitation act as defined in Minn. Laws 1984, ch. <br /> 582 S 13, to be. codified as Minn. Stat. § 474.16 subd. 5. The procedure for <br /> revision of the amounts of issuance authority allocated to entitlement issuers <br /> upon enadtment of a federal limitations act is set forth in Minn. Laws 1984, ch. <br /> 582 ~ 15, to be codified as Minn. Stat. § 474.18, subd. 2. <br /> The Department of Energy and Economic Development has determined the ini- <br /> tial amounts of issuance authority allocated to entitlement issuers based upon <br /> the following' <br /> <br /> 1. The allocations for entitlement issuers and procedures set forth in <br /> Minn. Laws 1984, ch. 582. S§13, 14 and 15, and Minn. Laws 1984, ch. 582 § 12; <br /> 2. The proposed state ceiling for private activity bonds of $150 <br />-multiplied b~ the population of the State of Minnesota set forth in S721 of the <br /> Tax Reform Bill of 1984, H.R. 4170, as reported by the Ways and Means Committee <br /> of the United-States House of Representatives on March 5, 1984; and <br /> <br /> 3. The certifications of previous use submitted to the DepQrtment by <br /> entitlement issuers. <br /> <br /> Since a federal limitation act has not been enacted, there is no aggregate <br /> limit on bond issuance authority allocated to the State of Minnesota. However, <br /> a figure for the aggregate limit of bond issuance authority allocated to the <br /> State of Minnesota for calendar year 1984 was needed in order for the Department <br /> to determine the initial amounts of issuance authority allocated to entitlement <br /> issuers. The Department has used the appropriate state ceiling set forth in <br /> § 721 of the Tax Reform Bill of 1984, HoR. 1470, as reported by the Ways and <br /> <br /> Means Committee of the U.S. House of Representatives on March 5, 1984. Use of <br /> the proposed state ceiling is consistent with the use of the March 5, 1984 <br /> Section 721 of H.R. 1470 to define previous use prior to enactment by Congress <br /> <br /> <br />