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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 15. Revenue. |
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Chapter 15.151. AHFC General Programs. |
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Article 15.151.3. Veterans' Mortgage Program. |
Section 15.151.215. Veterans.
Latest version.
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As provided in Section 143(e)(4) of the Internal Revenue Code of 1986, as amended, and AS 18.56.098(j), "qualifying veteran," for the purposes of the veterans' mortgage program, has the meaning provided for the term "qualified veteran" under the Mortgage Subsidy Bond Tax Act of 1980 (94 Stat. 2660 - 2680). Temporary regulations of the Internal Revenue Service (Sec. 6a. 103A-3(c), as published in the Federal Register, Vol. 46, no. 126, Wednesday, July 1, 1981, page 34324) have implemented the Mortgage Subsidy Bond Tax Act by defining "veteran" to have the meaning provided in 38 U.S.C. 101(2). The Corporation will accept as a "qualified veteran" a person who meets the definition of "veteran" as established in the temporary regulations of the Internal Revenue Service described above and as interpreted and clarified by 15 AAC 151.215 - 15 AAC 151.250. To the extent the temporary regulations of the Internal Revenue Service referred to above are amended or replaced by other regulation, or to the extent the Mortgage Subsidy Bond Tax Act is amended, the provision of the later amendments or replacements prevail over contrary provisions in 15 AAC 151.220 - 15 AAC 151.250.
Authorities
18.56.088;18.56.098