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AGENDA ITEM EXECUTIVE SUMMARY Title:Agenda Item number: 8aRecommendation to approve Ordinance Reserving and Authorizing the Transfer of Volume Cap in Connection with Private Activity Bond Issues and
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8a - volume cap is a limitation on the amount of tax-exempt private activity bonds that can be issued for certain types of projects in a defined geographic area.
State or local government authorities responsible for allocating private activity bond volume cap are required to file 8a - volume cap.
To fill out 8a - volume cap, the filer needs to provide detailed information on the proposed projects, the amount of private activity bonds requested, and the anticipated impact on the community.
The purpose of 8a - volume cap is to ensure that tax-exempt private activity bonds are allocated efficiently and used for projects that benefit the public interest.
Information such as the type of project, amount of private activity bonds requested, geographic area, and community impact must be reported on 8a - volume cap.
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