Section 477. Consistency with federal tax law

All actions taken pursuant
  to this article shall be reviewed for consistency with provisions of the
  federal internal revenue code and regulations thereunder, in  accordance
  with  procedures  established in connection with the issuance of any tax
  exempt bonds pursuant to this article, to preserve the tax exempt status
  of such bonds.
    * NB Not effective due to defeat of the  Transportation  Bond  Act  of
  2000