Section 15.151.100. Qualified mortgage bond program.

The provisions of 15 AAC 151.100 - 15 AAC 151.150 relate to the issuance by the Corporation of qualified mortgage bonds as described in Section 103A(c)(1) and (c)(2) of the Internal Revenue Code of 1954, as amended, and Section 143(a) of the Internal Revenue Code of 1986, as amended, and define and describe mortgages eligible to be financed with the proceeds of qualified mortgage bonds as part of the program. These sections are intended to establish procedures to ensure compliance with the mortgage eligibility provisions contained in the Code.  

Authorities

18.56.088;18.56.098

Notes

Reference

15 AAC 151.010
15 AAC 151.015
15 AAC 151.100
15 AAC 151.105
15 AAC 151.110
15 AAC 151.145

Authority

AS 18.56.088 AS 18.56.098

History

Eff. 5/7/93, Register 130