Bond Allocation to Louisiana Housing Finance Agency—Amend
Executive Order No. KBB 07-34 Concerning Carry-Forward
WHEREAS, Executive Order No. KBB 2007-34, issued on December 21, 2007, granted a carry forward allocation of 2007 private activity bond volume cap to the Louisiana Housing Finance Agency for the Single Family Mortgage Revenue Bond Program in the amount of $82,132,022;
WHEREAS, the amount of allocation made in Executive Order No. KBB 2007-34 caused the total allocations made in 2007 to exceed the 2007 Volume Cap Ceiling of $364,460,280 by $20,520,000; and
WHEREAS, it is necessary to amend Executive Order No. KBB 2007-34 in order to correct the amount of the carry-forward allocation and reduce it by $20,520,000 in order to ensure that the 2007 Volume Cap Ceiling is not exceeded;
NOW THEREFORE, I, BOBBY JINDAL, Governor of the state of Louisiana, by virtue of the authority vested by the Constitution and the laws of the state of Louisiana, do hereby order and direct as follows:
SECTION 1: Section 1 of Executive Order No. KBB 2007-34 is hereby amended to provide as follows:
Pursuant to and in accordance with the provisions of Section 146(f) of the Internal Revenue Code of 1986, as amended, and in accordance with the request for a carryforward filed by the designated issuer, excess private activity bond volume limit under the 2007 Ceiling is hereby allocated to the following issuer, for the following carryforward project, and in the following amount:
Name of Issuer
Single Family Mortgage
Revenue Bond Program
SECTION 2: All references in this Order to the singular shall include the plural, and all plural references shall include the singular.
SECTION 3: This Order is effective upon signature and shall remain in effect until amended, modified, terminated, or rescinded by the governor, or terminated by the operation of law.IN WITNESS WHEREOF , I have set my hand officially and caused to be affixed the Great Seal of Louisiana, at the Capitol, in the city of Baton Rouge, on this 13th day of February, 2008.
Secretary of State