§ 36-82-200. Mortgage Credit Certificate Carryforward Election
No issuer of single-family housing bonds may elect to exchange any part of a notice of allocation for mortgage credit certificates without the written authorization of the department. Such authorization shall be in the discretion of the commissioner, and no issuer shall have any right to such authorization. Any unused amount of the state ceiling […]
§ 36-82-201. State Ceiling Deemed Allocated and Assigned
If necessary or appropriate for complying with federal rules and regulations implementing the Federal Code, the state ceiling shall be deemed to be allocated to the state and the state’s allocation shall be deemed to be or have been assigned to the issuers to which notices of allocations are or were issued. History. Code 1981, […]
§ 36-82-202. Applicability
The provisions of this article shall apply to all bonds issued on or after April 1, 1990. History. Code 1981, § 36-82-209, enacted by Ga. L. 1987, p. 486, § 1; Ga. L. 1990, p. 817, § 1. Editor’s notes. The former provisions of Code Section 36-82-202 are the present provisions of Code Section 36-82-195.
§ 36-82-190. Reservations From Housing Share
Commencing on April 1, 1990, and extending through June 30, 1990, and for 1991 and each year thereafter commencing on January 1 and extending through September 30, reservations from the housing share shall be as follows: Sixty-two percent shall be reserved for the Georgia Housing and Finance Authority for any qualified housing project. This shall […]
§ 36-82-191. Applications for Single-Family Bond Projects; Issue of Notice; Confirmation; Exploration
Applications for single-family bond projects must be filed no later than June 30 of 1990 or September 30 of 1991 and September each year thereafter to be eligible to receive an allocation from the housing share. Each application for a single-family project shall be accompanied by the following: The items specified in Code Section 36-82-185; […]
§ 36-82-192. Requirements for Applications for Qualified Residential Rental Projects; Periods for Notices of Allocation; Expiration Dates for Notices; Confirmation of Issuance Required
Applications for qualified residential rental projects shall be accompanied by the following: The items specified in Code Section 36-82-185; A written opinion of legal counsel addressed to the department to the effect that the bonds which are covered by the application will, based upon the information available at that time to such legal counsel, qualify […]
§ 36-82-193. Flexible Share for 1990
Commencing on April 1, 1990, the flexible share for 1990 is established in an amount equal to 20 percent of the state ceiling. The 1990 percentage shall include any allocations made from the flexible pool prior to April 1, 1990. The flexible share for 1991 and years thereafter shall be in an amount equal to […]
§ 36-82-194. Application for Flexible Pool Allocation; Issue of Notice; Confirmation; Expiration
Applications for notices of allocation from the flexible share shall be received and acted on by the department as set forth in this Code section. Applications for housing bonds shall be filed on the same forms and accompanied by the same items as applications for notices of allocation with respect to such bonds from the […]
§ 36-82-195. Policy Guidelines for Making Allocations
When the department is required to decide which applications should receive a notice of allocation, it shall compare the applications from which the selection is to be made, applying the policy guidelines set forth in this Code section. These policy guidelines are designed to assist the department in making its decisions and are not intended […]
§ 36-82-180. Short Title
This article shall be known and may be cited as the “Georgia Allocation System.” History. Code 1981, § 36-82-180 , enacted by Ga. L. 1987, p. 486, § 1; Ga. L. 1990, p. 817, § 1.