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W <br />�Ciha,pter 5812 whJ-ch was the result of much study, and niegot ilation by c ity representatives, <br />provides moire <br />equitable <br />proposed, federal legislation. 'It, is important to note that the state law will not go <br />into effect if no federal IDBi ceiling is imposeld., and it will be repealed January 1, <br />1986i <br />HIGHLIGHTS OF' CHAPTER, 582 <br />The state law provides that " III million r ceiling is allocated as follows: <br />1 Approximately $195 million ('in 1984) to state agencies for student loans <br />agriculturial, energy, and economic devieliapment projects, and <br />The remai,nd,er to "local, issuers" wh ifich include cities, urban towns, <br />housing and, redevelopment and port authorities, area or municipal <br />redevelopment • and <br />ALLOCATION it <br />Of � <br />"" approximately $5051 million, allocated to • goes to <br />Idl a #I to a pool or all other Any unused amount <br />local alliocation to the state or the r li # to the pool. <br />