Wyo. Code R. 001-0003-5
Tax Exempt Bonds, Allocation for
Chapter 5: Certified Allocations
Effective Date: 04/26/2006 to Current
Rule Type: Current Rules & Regulations
Reference Number: 001.0003.5.04262006
Section 1. Issuance. Within ten (10) working days following receipt of a copy of the IRS Form 8038, and any other form required by the Governor, the Governor shall issue a certified allocation of the state ceiling for the principal amount of the bond issue or the amount of the preference allocation, whichever is less. As used in this section, working days shall not include Saturdays, Sundays, legal holidays or any other day on which the Office of the Governor is authorized or required to close.
Section 2. Date of Certified Allocation. The certified allocation shall carry the same date as the preference allocation.
Section 3. Effect of Issuance. Upon issuance of the certified allocation, the preference allocation shall be vacated up to the amount of the certified allocation. Any unused preference allocation shall expire upon issuance of the certified allocation and shall revert to the general allocation pool, where it shall be subject to application for a new preference allocation or a carryforward allocation.