Pooling issuer - Authority

A pooling issuer is authorized to: 1. Issue a debt obligation which pools issuances of other public entities authorized by a municipality, town or county to issue tax apportionment or tax increment bonds, notes, or other forms of obligations pursuant to the Local Development Act; and 2. Attract private investment into the pooled issuance by either the direct investment of funds or by providing a guarantee for debt service for the purpose of implementing the Local Development Financing Act. Added by Laws 2004, c. 527, § 2, eff. July 1, 2004.