|
for specific bond issues requiring an allocation of the state |
| ceiling or for carryforward. This procedure supersedes the federal |
| formula to the full extent that the United States Code, Title 26, |
| authorizes the Legislature to vary the federal formula. |
| Allocations may be reviewed by the Legislature periodically and |
| unused allocations may be reallocated to other issuers; however, |
| notwithstanding the existence of legislation allocating or |
| reallocating all or any portion of the state ceiling, at any time |
| during the period from September 1st to and including December 31st |
| of any calendar year, and at any other time that the Legislature is |
| not in session, a group consisting of a representative of each of |
the issuers specifically identified in subsections 4, 6 and |
and 8-A; a representative of a corporation created pursuant to the |
former Title 20, section 2237 and Title 20-A, section 11407; |
| representative of the Governor designated each year by the Governor |
may, by written agreement executed by no fewer than 4 of the 5 |
| voting representatives, allocate amounts not previously allocated |
| and reallocate unused allocations from one of the specific issuers |
| designated in this section to another specific issuer for further |
| allocation or carryforward, with respect to the state ceiling for |
| that calendar year only. In no event may any issuer have more than |
| one vote.__If an issuer is allocated a portion of the state ceiling |
| in more than one category, the written agreement must be executed |
| by no fewer than 4 of the 6 voting representatives. The issuer |
| specifically identified in subsection 5 and a representative of the |
| Department of Economic and Community Development designated each |
| year by the Commissioner of Economic and Community Development |
| shall participate as nonvoting members of the group of |
| representatives described in this subsection with respect to |
| agreements or recommendations for allocation or reallocation of the |
| state ceiling. Except for records containing specific and |
| identifiable personal information acquired from applicants for or |
| recipients of financial assistance, the records of the group of |
| representatives described in this subsection are public records and |
| the meetings of the group of representatives described in this |
| subsection are public proceedings within the meaning of Title 1, |
chapter 13, subchapter I |
