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3. Pursuant to the limitations contained in Temporary <br />Income Tax Regulations Section 5f.103-2(f) (t), this resolution <br />shall remain in effect for a period of one year from the date <br />of its adoption. <br /> <br /> 4. The Council directs the City Manager to request an <br />allocation of the State Ceiling (as defined in Section <br />15.1-1399.10 of the Code of Virginia of 1950, as amended) in <br />accordance with the applicable provisions of the Code of <br />Virginia of 1950, as amended, and any regulations or executive <br />orders issued thereunder. <br /> <br /> 5. That this resolution shall take effect mmmediately <br />upon the date of its adoption. <br /> <br /> Adopted by the Council of the City of Portsmouth, <br />Virginia, at a meeting held on December 17, 1996. <br /> <br /> Teste: <br /> <br /> <br /> <br /> City Clerk <br /> <br /> <br />