| 1-A. Procedure. For each calendar year, the Legislature may |
establish a procedure for allocation of the entire amount of the |
state ceiling by allocating an amount of the state ceiling to the |
specific issuers designated in this section for further |
allocation by each specific issuer to itself or to other issuers |
for specific bond issues requiring an allocation of the state |
ceiling or for carryforward. This procedure supersedes the |
federal formula to the full extent that the United States Code, |
Title 26, authorizes the Legislature to vary the federal formula. |
Allocations may be reviewed by the Legislature periodically and |
unused allocations may be reallocated to other issuers; however, |
notwithstanding the existence of legislation allocating or |
reallocating all or any portion of the state ceiling, at any time |
during the period from September 1st to and including December |
31st of any calendar year, and at any other time that the |
Legislature is not in session, a group consisting of a |
representative of each of the issuers specifically identified in |
subsections 4 to, 6 and 7; a representative of a corporation |
created pursuant to the former Title 20, section 2237 and Title |
20-A, section 11407; and a representative of the Governor |
designated each year by the Governor may, by written agreement |
executed by no fewer than 5 4 of the 6 5 voting representatives, |
allocate amounts not previously allocated and reallocate unused |
allocations from one of the specific issuers designated in this |
section to another specific issuer for further allocation or |
carryforward, with respect to the state ceiling for that calendar |
year only. The issuer specifically identified in subsection 5 |
and a representative of the Department of Economic and Community |
Development designated each year by the Commissioner of Economic |
and Community Development shall participate as nonvoting members |
of the group of representatives described in this subsection with |
respect to agreements or recommendations for allocation or |
reallocation of the state ceiling.__Except for records containing |
specific and identifiable personal information acquired from |
applicants for or recipients of financial assistance, the records |
of the group of representatives described in this subsection are |
public records and the meetings of the group of representatives |
described in this subsection are public proceedings within the |
meaning of Title 1, chapter 13, subchapter I. |