Section 1-7-18 - Scope of allocation and reallocation authority

1-7-18. Scope of allocation and reallocation authority.The authority granted by §1-7-17 only applies to volume or other issuance authority granted directly to the state by federal law or assigned, ceded, or given back to the state by municipalities, counties, or other political subdivisions pursuant to procedures established under the Internal Revenue Code of 1986, as amended, including The American Recovery and Reinvestment Act of 2009. Source: SL 2010, ch 4, §2, eff. Mar. 10, 2010.