Insofar as any state or federal statute, rule or regulation does not mandate the system of allocating tax exempt status to Economic Development Facility projects which have been the subject of inducement resolutions after the date of this section and to the extent that any future state or federal statute, rule or regulation shall limit the overall amount of Economic Development Facility financing which the town may issue and to the further extent to which any project shall consume a portion of that allocation and the overall amount of projects induced during a period exceeds allocations, then the following criteria shall be applied in determining the allocation thereof.
(1996 Code, § 2-37)