Determination of Qualification definition

Determination of Qualification means a letter issued by ADOH, in accordance with I.R.C. § 42(m), that indicates that the Project, which has utilized tax-exempt financing, qualifies for an amount of Tax Credits and is in compliance at the time of the letter with all rules established by this Plan.
Sample 1Sample 2Sample 3

Examples of Determination of Qualification in a sentence

  • Eight percent (8%) of the ten percent (10%) Reservation Fee is due and payable within 30 days of Determination of Qualification letter with the remaining two percent (2%) of the ten percent (10%) Reservation Fee due and payable at final allocation and prior to issuance of STC eligibility letter.

  • The Determination of Qualification Fee is due and payable at the time of issuance of the Determination of Qualification letter for 4% Tax Credits.

  • The Reservation Fee and the Determination of Qualification Fee is calculated as 8% of the annual amount of Tax Credits.

  • I.R.C. § 42(h)(4) allows applications financed with tax-exempt bonds to apply for 4% LIHTCs. Applications financed with tax- exempt bonds must have a confirmed allocation of Private Activity Bonding Authority Volume Cap Allocation from the Arizona Finance Authority in order to receive an ADOH issued I.R.C.§42(m) Determination of Qualification of Tax Credits Letter.

  • Determination of Qualification: Trade Subcontractor’s Qualification Statement must be completed and submitted along with supplemental information required.

  • If the Applicant is compliant with all deadlines stipulated in the conditional (if applicable) and final Determination of Qualification letter(s), the Application will continue to be considered under the current year QAP.

  • ADOH requires payment of the Reservation Fee for 9% Tax Credits and the Determination of Qualification Fee for 4% Tax Credits.

  • Applicants who are submitting non-LIHTC projects must submit an ADOH Gap Financing Application and the documents listed on the non-LIHTC checklist.Applicants who are not ready to close will receive a conditional Determination of Qualification in accordance with the applicable QAP based upon the updated 9% LIHTC Application.

  • Eight percent (8%) of the ten percent (10%) Reservation Fee is due and payable within 30 days of Determination of Qualification letter with the remaining two percent (2%) of the ten percent (10%) Reservation Fee due and payable at final allocation and prior to issuance of Form(s) 8609.

  • The review of an Application for a Determination of Qualification under I.R.C. § 42(m)(1)(D) may be combined with any tax-exempt bond hearing pursuant to A.R.S. Section 35-726(E).

Related to Determination of Qualification

  • Request for Qualifications means all materials and

  • Disqualification Event shall have the meaning ascribed to such term in Section 3.1(rr).

  • Disqualification means the Athlete’s results in a particular Competition or Event are invalidated, with all resulting Consequences including forfeiture of any medals, points and prizes;

  • Qualification means any degree, diploma or certificate conferred upon a person after having been examined in respect of that person’s proficiency in a particular field of study;

  • Eligibility means the decision as to whether an individual qualifies, under financial and nonfinancial requirements, to receive program benefits.