(30 ILCS 345/6) (from Ch. 17, par. 6856)
Sec. 6.
Voluntary Reallocations.
The State, any State agency and
the corporate authorities of any home rule unit, except as provided and
limited in Section 6.1, may reallocate to any unit
of local government, any home rule unit, the State or a State agency at any
time all or any portion of its unused allocation of its volume cap,
including any allocation available by reason of a valid carry-forward
election under Sections 103 or 146 of the Code;
provided, however, that any such reallocation is made in writing and a
record of that reallocation is maintained by a home rule unit, unit of
local government or State agency receiving the reallocation in its records
for the term of all private activity bonds it issues for that calendar year
to which such allocation applies, and that a notice of that reallocation is
given to the Governor's office, pursuant to the guidelines and procedures.
(Source: P.A. 86-40.)
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