Legislation

Search OpenLegislation Statutes

This entry was published on 2018-05-18
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 25
Regulations, coordination with federal low-income housing credit provisions
Public Housing (PBG) CHAPTER 44-A, ARTICLE 2-A
§ 25. Regulations, coordination with federal low-income housing credit
provisions. 1. The commissioner shall promulgate rules and regulations
necessary to administer the provisions of this act.

2. The provisions of section 42 of the internal revenue code shall
apply to the credit under this article, provided however, to the extent
such provisions are inconsistent with this article, the provisions of
this article shall control.

3. The allocation of the credit established by this article may be
made without regard to and in a separate manner from any federal
low-income housing credit that may be allocated with respect to an
eligible low-income building.