UCC is an abbreviation for the “Uniform Commercial Code,” which governs the transfer of Security Interests in personal property pursuant to state law.
Another name for a UCC form, filed in the state and/or county where the security for the repayment of the bonds is located or the transaction is taking place, which may be required to perfect a security interest in certain property and revenues.
Report of the Opinions and Documents Committee with respect to the Revised Article 9 of the Uniform Commercial Code.
A requirement contained in Section 146 of the Code that private activity bonds (PAB) (with certain exceptions) issued as tax-exempt bonds obtain an allocation of volume cap from the state in which the project is located prior to the issuance of the bonds.
