Section 7C.4. Maximum amount of bonds.  


Latest version.
  •   The aggregate principal amount of bonds which are subject to section 146 of the Internal Revenue Code which may be issued by all political subdivisions during a calendar year shall not exceed the state ceiling for that calendar year, except as provided in section 7C.8.

    85 Acts, ch 225, §6

    ;

    87 Acts, ch 171, §3