California Health and Safety Code 50199.16 – All acts and proceedings taken by the committee prior to the …
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All acts and proceedings taken by the committee prior to the effective date of this chapter to allocate the housing credit ceiling for 1987 under the Governor’s proclamation dated February 27, 1987, are hereby confirmed, validated, and declared legally effective.
(Added by Stats. 1987, Ch. 658, Sec. 3. Effective September 15, 1987. Conditionally inoperative as provided in Section 50199.18.)
Terms Used In California Health and Safety Code 50199.16
- Committee: means the Mortgage Bond and Tax Credit Allocation Committee, which is renamed the California Tax Credit Allocation Committee. See California Health and Safety Code 50199.7
- Housing credit: means the tax credit for low-income rental housing provided under Section 42 of the federal Internal Revenue Code (26 U. See California Health and Safety Code 50199.7