SECTION 330:36-2-1. TCAs distribution

(a)   OAHTCs allocated annually to the State by the IRS shall be awarded to Applicants selected through a formal Application process governed by the Qualified Allocation Plan (QAP).

(b)   TCAs will be awarded according to the Act, Code, these Chapter 36 Rules, the AP, and at the discretion of the Trustees, by their formal action, giving consideration to Staff recommendation following a thorough review and financial feasibility analysis.

(c)   The Trustees reserve the right, to consider and make an award of TCAs at any time as the Trustees, in their sole discretion, deem such award appropriate under the circumstances and facts presented to them. Approval of such an award shall be at a regularly scheduled or special meeting of the Trustees and shall be made by formal action, giving consideration to Staff review and recommendations.

(d)   The AP shall be made available to parties considering the filing of an Application and interested parties upon request. The AP can be accessed at OHFA's website, www.ohfa.org.

[Source: Added at 17 Ok Reg 1239, eff 10-1-00; Amended at 20 Ok Reg 2439, eff 1-1-04; Amended at 21 Ok Reg 2280, eff 1-2-05; Amended at 22 Ok Reg 2579, eff 1-2-06; Amended at 23 Ok Reg 2960, eff 1-2-07; Amended at 26 Ok Reg 303, eff 11-20-08 (emergency); Amended at 26 Ok Reg 1208, eff 7-1-09; Amended at 26 Ok Reg 2540, eff 1-1-10; Amended at 28 Ok Reg 1658, eff 1-1-12; Amended at 34 Ok Reg 1378, eff 1-1-18]