The Kentucky Private Activity Bond Allocation Committee (KPABAC) ensures compliance with federal and state regulations relative to state ceiling on private activity bonds. KPABAC allocates private activity bond volume cap amongst state and local issuers.
US Code: Office of the Law Revision Counsel of the U.S. House of Representatives
26 USC Subtitle A, CHAPTER 1, Subchapter B, PART IV, Subpart A: Private Activity Bonds
Membership
Secretary of the Finance and Administration Cabinet (Chairman)
Secretary of the Cabinet for Economic Development
State Budget Director
State Controller
Secretary of the Governor's Executive Cabinet