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DEPARTMENT OF ENERGY AND ECONOMIC DEVELOPMENT <br />Notice of Allocations of Issuance Authority for Calendar Year 1985 <br />Notice to all Industrial Development Bond Issuers and Interested Parties: <br />The Department of Energy and Economic Development has determined the <br />amounts of issuance authority for calendar year 1985 allocated to entitlement <br />issuers who re- submitted certifications of previous use to the Department in <br />August, 1984, after enactment of a federal limitation act pursuant to <br />Minnesota Laws 1984, ch. 582 §15, to be codified as Minn. Stat. 474.18, subd. <br />2 and Minn. Laws 1984, ch. 584 §12, to be codified as Minn. Stat. 474.25, and <br />who chose not to withdraw as entitlement issuers for the year 1985 by December <br />31, 1984. <br />The Department of Energy and Economic Development has determined the <br />amounts of issuance authority allocated to entitlement issuers based upon the <br />following: <br />1. The allocations for entitlement issuers and procedures set forth in <br />Minn. Laws 1984, ch. 582 §15; <br />2. The state ceiling for private activity bonds of $150 multiplied by <br />the most recent census estimate of the resident population of the State of <br />Minnesota published by the Bureau of the Census in 1984 which is 4,144,000; <br />and <br />3. The re- certifications of previous use submitted to the Department by <br />enntitlement issuers. <br />The Department used the following formula to determine the final <br />amounts of issuance authority allocated to entitlement issuers set forth <br />below: <br />INDIVIDUAL ALLOCATIONS TO ENTITLEMENT ISSUERS <br />$420,780,000 (Total state allocation to Entitlement Issuers) <br />7663,504,771 (Combined 3 year high average for all Entitlement Issuers) <br />equals 63.417780608% x $ <br />Issuer <br />equals $ <br />allocation <br />3 year high average for Entitlement <br />4 7 <br />