Section 15.151.840. Compliance monitoring by the corporation.

	(a)  Pursuant to 26 U.S.C. 42(m)(1)(B)(iii), the Corporation is responsible for monitoring projects receiving an allocation under 15 AAC 151.710 - 15 AAC 151.840 for non-compliance with the provisions of the code and in notifying the Internal Revenue Service of such non-compliance of which the Corporation becomes aware.  
	(b)  The Corporation will, in its discretion, delegate its responsibility for monitoring for non-compliance referenced in 15 AAC 151.840(a) to an agent of the Corporation or other private contractor.  

Authorities

18.55.100;18.55.110;18.55.240;18.55.420;18.56.088

Notes

Reference

15 AAC 151.710
15 AAC 151.720
15 AAC 151.730
15 AAC 151.840
15 AAC 151.950

Authority

AS 18.55.100(a) AS 18.55.110 AS 18.55.240 AS 18.55.420 AS 18.56.088 ________________________

History

Eff. 5/7/93, Register 130