Maine Revised Statutes Title 10 Sec. 1074-C – Allocation of certain national bond limitations
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Terms Used In Maine Revised Statutes Title 10 Sec. 1074-C
- Bond: means revenue obligation security. See Maine Revised Statutes Title 10 Sec. 963-A
- facility: means any aboveground oil storage tank or tanks, together with associated piping, and transfer and dispensing facilities located over land or water of the State at a single location for more than 4 months per year and used or intended to be used for the storage or supply of oil. See Maine Revised Statutes Title 10 Sec. 963-A
- United States: includes territories and the District of Columbia. See Maine Revised Statutes Title 1 Sec. 72
To the extent permitted by federal law, the Governor may establish by executive order a procedure for the reallocation of any allocation of a portion of a national bond limitation to the State or to any issuer or governmental entity within the State pursuant to 26 United States Code, Sections 54D, 54E, 54F and 1400U-1 and for the reallocation of any portion of a national bond limitation that is not used within the applicable time period specified in federal law or that has been waived by an issuer or governmental entity within the State, except that allocation of the national recovery zone facility bond limitation established pursuant to 26 United States Code § 1400U-1, as amended, and as described in Internal Revenue Service Notice 2009-50, Section 6.03, must be carried out pursuant to section 1074-A, and the allocation of the national qualified energy conservation bond volume limitation established pursuant to 26 United States Code § 54D, as amended, and as described in Internal Revenue Service Notice 2009-29, Section 4 must be carried out pursuant to section 1074-B and Title 30-A, section 5953-F. [PL 2009, c. 517, §13 (NEW).]
SECTION HISTORY
PL 2009, c. 517, §13 (NEW).