EXECUTIVE ORDER KBB 05-15

Bond Allocation Louisiana Housing Finance Agency


WHEREAS, Executive Order No. KBB 2005-10, issued on March 28, 2005, granted a private activity bond allocation from the 2005 private activity bond volume limit to the Louisiana Housing Finance Agency in accordance with the requirements of Section 146 of the Internal Revenue Code of 1986, as amended; and

WHEREAS, it is necessary to amend Executive Order No. KBB 2005-10 in order to extend the time period in which the bonds may be delivered to initial purchasers;

NOW THEREFORE I, KATHLEEN BABINEAUX BLANCO, Governor of the state of Louisiana, by virtue of the authority vested by the Constitution and laws of the state of Louisiana, do hereby order and direct as follows:

SECTION 1: Section 3 of Executive Order No. KBB 2005-10, issued on March 28, 2005, is hereby amended to provide as follows:

The granted allocation shall be valid and in full force and effect through December 31, 2005, provided that such bonds are delivered to the initial purchasers thereof on or before September 13, 2005.

SECTION 2: All other sections of Executive Order No. KBB 2005-10 shall remain in full force and effect.

SECTION 3: The provisions of this Order are effective upon signature.

IN WITNESS WHEREOF, I have set my hand officially and caused to be affixed the Great Seal of Louisiana, at the Capitol, in the city of Baton Rouge, on this 15th day of June, 2005.

Kathleen Babineaux Blanco
Governor

ATTEST BY
THE GOVERNOR
Fox McKeithen
Secretary of State