7C.4 Maximum amount of bonds.
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
Referred to in §7C.12
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