State Bond Allocation definition

State Bond Allocation means the allocation of the state private activity bond volume limitation pursuant to Chapter 159, Part VI, F.S., administered by the Division of Bond Finance and allocated to the Corporation for the issuance of Tax-exempt Bonds by either the Single Family Mortgage Revenue Bonds or MMRB Programs.

Examples of State Bond Allocation in a sentence

  • The Board of Directors shall consider authorizing the execution of the Loan Commitment and shall consider final Board of Directors approval reserving State Bond Allocation for a Development.

  • F.A.C. (24) Proposed Developments that are ranked, but not selected by the Board of Directors to enter Credit Underwriting, shall remain on the ranked list in the event State Bond Allocation becomes available to fund additional Developments.

  • This aquifer will also continue to rise increasing the hydraulic head and driving the groundwater to flow into the lower catchment surficial and Tertiary aquifers.

  • If the current year’s State Bond Allocation designated by the Board of Directors for the MMRB Program is insufficient to fully finance a Development, subject to the provisions of subsection 67-21.003(10), F.A.C., permitting reduction of the requested amount, a new Application must be filed to be eligible for a future year’s State Bond Allocation.

  • New York State Bond Allocation Advisory Panel:The Bond Allocation Advisory Panel provides policy advice on distribution of the statewide ceiling.

  • They are required to be applied from annual periods beginning on 1 January 2023 at the earliest or on the date of their adoption by the European Union.

  • Developments designated for a portion of the current year’s State Bond Allocation shall be required to close at such time as set forth in such notification.

  • For Applications requesting MMRB only or MMRB and Non-Competitive HC, based on the availability of State Bond Allocation designated by the Board of Directors for multifamily housing, the Corporation will recommend that the Board of Directors shall designateApplications for funding and offer the opportunity to enter Credit Underwriting.

  • In the event the loan does not close within the designated time frame and the closing date is not extended in writing by Florida Housing, then the State Bond Allocation shall be forfeited.(25) Upon favorable recommendation of the Credit Underwriting Report and preliminary recommendation of the method of bond sale from Florida Housing’s Financial Advisor, the Board shall designate by resolution the method of bond sale considered appropriate for financing.


More Definitions of State Bond Allocation

State Bond Allocation means the allocation of the state private activity bond volume limitation pursuant to Chapter 159, Part VI, F.S., administered by the Division of Bond Finance and allocated to the Corporation for the issuance of Tax-exempt Bonds by either the Single Family Mortgage Revenue Bonds or MMRB Programs. (101)(100) “Taxable Bonds” means those Bonds on which the interest earned is included in gross income of the owner for federal income tax purposes pursuant to the Internal Revenue Code.

Related to State Bond Allocation

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.