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RESOURCES
AZIDA
Private Activity Bond Volume Cap
Some private activity bonds (PABs) need to obtain Volume Cap in order for the interest on them to be excludable from federal income tax. Each year the states receives Volume Cap ceiling based on population – representing $105 per state resident in 2018. Beginning with the 2017 cycle, allocation of Arizona’s Volume Cap is handled by the Arizona Finance Authority. Click the link below for more information.
Statutes and Other Information
- The “Act” - Industrial Development Financing (A.R.S. 35-701 et seq.)
- Volume Cap Statute – Allocation of Private Activity Bonding Authority (A.R.S. 35-901 et seq.)
- AFA Statute (A.R.S. 41-5351 et seq.)
- Conflict of Interest (A.R.S. 38-511)
- Open Meeting Laws (A.R.S. 38-431 et seq.)
- EMMA (Municipal Securities Rule-making Board disclosure website)
arizona finance authority
The Arizona Finance Authority created AZIDA in 2016 to provide one-stop shop for financing to support expanding and relocating businesses, communities’ infrastructure needs, and first-time homebuyers. The AFA and AZIDA are committed to providing a streamlined, predictable process, getting borrowers the affordable financing they need at the speed of business. Click any of the links below for more information.