SECTION 4. PROCEDURE

.01 For purposes of § 146(j), the state population figures to be used by state agencies, states, and issuing authorities for the 1996 calendar year are the estimates of the resident population of states for July 1, 1994, released by the Bureau of the Census on December 28, 1994, in press release CB94-204. For convenience, these estimates are reprinted below.

Resident Population Estimates for

July 1, 1994

State Population

Alabama 4,219,000 Alaska 606,000 Arizona 4,075,000 Arkansas 2,453,000 California 31,431,000 Colorado 3,656,000 Connecticut 3,275,000 Delaware 706,000 D.C. 570,000 Florida 13,953,000 Georgia 7,055,000 Hawaii 1,179,000 Idaho 1,133,000 Illinois 11,752,000 Indiana 5,752,000 Iowa 2,829,000 Kansas 2,554,000 Kentucky 3,827,000 Louisiana 4,315,000 Maine 1,240,000 Maryland 5,006,000 Massachusetts 6,041,000 Michigan 9,496,000 Minnesota 4,567,000 Mississippi 2,669,000 Missouri 5,278,000 Montana 856,000 Nebraska 1,623,000 Nevada 1,457,000

.02 Volume Cap

(1) Section 103(a) provides that gross income does not include interest on any state or local bond. However, § 103(b) provides that § 103(a) does not apply to any private activity bond that is not a qualified bond within the meaning of § 141.

(2) Section 141(e)(2) provides that one requirement that must be met in

(1) On January 26, 1996, in press release CB96–10, the Bureau of the Census released resident population estimates for the 50 states and the District of Columbia as of July 1, 1995. (2) The estimates released in press release CB96–10 were not released before the beginning of calendar year 1996. Accordingly, the estimates do not meet the statutory requirements of § 146(j), and may not be used by state agencies, states, or issuing authorities for purposes of determining the 1996 calendar year credit ceiling or volume cap.

(3) The most recent census estimates of the resident population of the states (or issuing authorities) released by the Bureau of the Census before the beginning of calendar year 1996 are those contained in CB94–204, which are estimates as of July 1, 1994. These population estimates are the same estimates published in Notice 95–8,

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State Population

New Hampshire 1,137,000 New Jersey 7,904,000 New Mexico 1,654,000 New York 18,169,000 North Carolina 7,070,000 North Dakota 638,000 Ohio 11,102,000 Oklahoma 3,258,000 Oregon 3,086,000 Pennsylvania 12,052,000 Rhode Island 997,000 South Carolina 3,664,000 South Dakota 721,000

State Population

Tennessee 5,175,000 Texas 18,378,000 Utah 1,908,000 Vermont 580,000 Virginia 6,552,000 Washington 5,343,000 West Virginia 1,822,000 Wisconsin 5,082,000 Wyoming 476,000