Volume Cap - 2012

AAA

2012 Allocation


The Private Activity Bond Authority (PAB) is Utah's tax-exempt bonding authority creating a lower cost, long-term source of capital under the Federal Tax Act of 1986.  The Federal Government allocates over $32 billion per year to states on a per capita basis, with Utah receiving $284,560,000 in 2012.  Each state establishes its usage priorities by statute.  The Utah State Legislature has distributed our volume cap into the various allotment accounts listed below:

 
    Allotment Account        Percentage           Dollar Amount      
Single Family Mortgages         42%                   $119,515,200      
Student Loans                        33%                   $  93,904,800      
Small Issue Account*              24%                   $  68,294,400
     Multi-Family                         12%                      $34,147,200
     Manufacturing                       12%                     $34,147,200
     Qualified Redevelopment      
Exempt Facilities                     1%                    $    2,845,600      
                     Totals                100%                 $284,560,000     

* Allocation for the Small Issue Account is 24% of the total volume cap.  By statute, volume cap is divided evenly for projects in the Multi-Family Housing and Manufacturing categories.  Qualified Redevelopment Projects were approved for funding in 2011 out of this category, but no specific percent of the volume cap was assigned.

For additional information on the Allotment Accounts, please click here.

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