A public entity may elect pursuant to the internal revenue code to treat any stimulus obligation as a specified tax credit bond. Any volume cap allocated to a public entity for stimulus obligations of the same type as a stimulus obligation for which such an election has been made shall apply to the stimulus obligation.
Source: L. 2010: Entire section added, (SB 10-200), ch. 234, p. 1028, § 3, effective May 18.