04 NCAC 01G .0102. OBJECTIVES

Latest version.

The purpose of the Rules of this Subchapter is to establish a procedure for the allocation of the available low‑income housing tax credits. The objective of the allocation procedure is to maximize the use of the credits available, provide access to a wide variety of credit uses and to achieve a statewide distribution of program benefits.

History Note: Filed as a Temporary Rule Eff. October 16, 1987, for a Period of 120 Days to Expire on

February 13, 1988;

Filed as a Temporary Rule Eff. April 27, 1987, for a Period of 120 Days to Expire on

August 24, 1987;

Authority G.S. 143B‑429; 143B‑430; Rev. Code Sec. 42; Fed Reg. 26 CFR 1.42‑1T;

Eff. November 1, 1987.

                    
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