Examples of Certificate of Continuing Program Compliance in a sentence
The Owners Certificate of Continuing Program Compliance is required on an annual basis for each property.
The compliance monitoring fee is payable annually at the time of the Owner's Submission of the Owner’s Certificate of Continuing Program Compliance for the time period being submitted.A late fee will be assessed if the complete Annual Compliance Package is not received by the deadline.Failure to provide corrections on noncompliance so that they are received by the deadline set by MBOH will result in an initial late fee and an additional per-week fee until all required documentation is received by MBOH.
The Owner will prepare and submit to the Issuer, not later than March 1 of each year, until the end of the Compliance Period, a Certificate of Continuing Program Compliance, in substantially the form attached to the CDLAC Conditions, executed by an authorized representative of the Owner.
In the event the Authority becomes aware of non-compliance or upon the failure to submit a Certificate of Continuing Program Compliance, the Authority will notify the owner of the areas of non- compliance and the required timeframe to correct the deficiencies.
Both the Certificate of Continuing Program Compliance and the LIHTC Status Report shall be submitted under penalty of perjury to the Authority in accordance with Internal Revenue Service procedures for monitoring compliance.