Current through November, 2024
(a) A non-refundable application fee of $5,000 shall accompany each application for a reservation of federal tax credits. Applications for modification of a reservation of federal tax credits shall include a non-refundable fee of $5,000.
(b) The corporation shall levy an annual fee for its administrative expenses in monitoring project compliance with the Code and any other such services. The compliance monitoring fee shall be $25.00 per unit per year for all project units excluding managers units. [Eff APR 23 2010] (Auth: HRS §§ 201H-4, 201H-15) (Imp: HRS § 201H-15; 26 U.S.C. 42(h)(3)(c); 52 Fed. Reg. 23433 § 1.42-1T)