Statutes, codes, and regulations
Hawaii Administrative Rules
Title 15 - DEPARTMENT OF BUSINESS, ECONOMIC DEVELOPMENT AND TOURISMHawaii Housing Finance and Development CorporationChapter 315 - MORTGAGE CREDIT CERTIFICATE PROGRAM
Subchapter 3 - THE PROGRAM
Section 15-315-21 - Election not to issued qualified mortgage bonds

Haw. Code R. § 15-315-21

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Current through November, 2024
Section 15-315-21 - Election not to issued qualified mortgage bonds

To establish a program, the corporation shall take action to elect not to issue an amount of qualified mortgage revenue bonds that the corporation might otherwise issue under section 103A of the IRC and the regulations thereunder during each calendar year and in lieu thereof to issue MCCs to eligible borrowers in accordance with the requirements of the federal MCC program. The corporation shall follow the requirements of the federal MCC program in making such election.

Haw. Code R. § 15-315-21

[Eff 12/4/10; am] (Auth: HRS § 201H-16) (Imp: HRS § 201H-16)