Any issuing authority which issues bonds or makes a mortgage credit certificate election prior to the receipt by the issuing authority of a related allocation, or in excess of the allocation, or after the relinquishment of the allocation, or in respect of which a form 8038 or a mortgage credit certificate election form is not filed within the prescribed time period shall not have an allocation of the state ceiling pursuant to this part 17.
Source: L. 87: Entire part added, p. 996, § 1, effective May 20.
Structure Colorado Code
Article 32 - Department of Local Affairs
Part 17 - Private Activity Bond Ceiling Allocation
§ 24-32-1702. Legislative Declaration
§ 24-32-1704. Allocation of State Ceiling
§ 24-32-1705. Allocations to State Issuing Authorities
§ 24-32-1706. Allocations to Designated Local Issuing Authorities
§ 24-32-1707. Statewide Balance
§ 24-32-1708. Bond Issuance and Mortgage Credit Certificate Election - Reporting Requirement
§ 24-32-1709. Application for Allocation From Statewide Balance
§ 24-32-1710. Notifications and Validity of Allocations From the Statewide Balance
§ 24-32-1711. Statewide Balance Carryforward Allocations
§ 24-32-1712. Time Period Must End on Business Day
§ 24-32-1713. Effect of Mortgage Credit Certificate Election or Issuance of Bonds Without Allocation