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I <br />I <br /> I <br />'1 <br /> I <br /> I <br /> I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> I <br /> I <br /> I <br /> <br /> NOTICE <br /> <br />TO ALL INDUSTRIAL DEVELOPMENT BONO <br /> I~.SUERS AND INTERESTED PARTIES: <br /> <br />rial <br />meflt issuers submitting certifications of previous use to <br />pursuant to Minn. Laws 1984, ch. 582 ~ 15, to be codified <br />474.18, subd. 2. The initial allocations set forth bel'ow <br /> <br />The Department of Energy a,~d Economic Development has determined the ini- <br />amounts of issuance authority for calendar year 1984 allocated to entitle- <br /> the Department <br /> <br />as Minn. Stat. <br /> <br />are subject to change <br /> <br /> after enactment of a federal limitation act as defined in Minn. Laws 1984, ch. <br /> 582 ~ 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 /> 1. The allocations for entitlement issuers and procedures set forth in <br /> Minn. Laws 1984, ch. 582. §~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 §721 of the <br /> Tax Reform Bill of 1984, H.R. 4170, as reported by the Ways and Means Co~m~ittee <br /> of the United'States House of Representatives on March 5, 1984; and <br /> 3. The certifications of previous use submitted to the Dep~rtment by <br /> entitlement issuers. <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, H.R. 1470, as reported by the Ways and <br /> Means Committee of the U.S. House of Rep6esentatives on March 5, 1984. Use of <br /> the proposed state ceiling is consistent w(th 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 />m <br /> <br /> <br />