Section 15.151.800. Revocation of conditional allocation.

Latest version.

	(a)  The Corporation will, in its discretion, revoke a conditional allocation of low-income housing tax credit if an applicant will be unable to place a project in service within the tax credit year, if a project does not comply with the code and regulations adopted under the code and with other applicable sections of 26 U.S.C. and regulations under 26 U.S.C. or if completion of the project does not proceed in accordance with the project structure and financing plans set out in the application.  
	(b)  An applicant may appeal the revocation of a conditional allocation as provided in 15 AAC 151.830.

Authorities

18.56.088

Notes

Reference

15 AAC 151.830

Authority
 AS 18.56.088  
History Eff. 5/7/93, Register 130

                    
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