108.530 State ceiling, revision of, director to make recommendations, when.

108.530. State ceiling, revision of, director to make recommendations, when. — The director, from time to time, shall review and evaluate the use and demand for private activity bonds in proportion to the unused or uncommitted portion of the state ceiling. If, in the discretion of the director, it appears that the allocation of the state ceiling pursuant to the provisions hereof should be revised, then, the director shall recommend to the governor and the general assembly an alternative method by which to utilize the unused or uncommitted portion of the state ceiling. (L. 1987 S.B. 351 § 108.525) Effective 1-01-88