|
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, 5, 6, 7, 8 |
| and 8-A; and a representative of the Governor designated each year |
| by the Governor may, by written agreement executed by no fewer than |
| 5 of the 6 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. A representative of the Department of Economic |
and Community Development designated each year by the Commissioner |
of Economic and Community Development shall participate as a |
nonvoting member of the group of representatives described in this |
subsection with respect to agreements or recommendations for |
allocation or reallocation of the state ceiling. |
| 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 1. |
