State Credit definition

State Credit means the Housing Tax Credit established by the Georgia General Assembly, as set forth in O.C.G.A. §48-7-29 and §33-1-18.
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State Credit means the Housing Tax Credit as set forth in O.C.G.A. §48-7-29 and §33-1-18.
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State Credit means the Housing Tax Credit established by the Georgia General Assembly, as set forth in O.C.G.A. 48-7-29.6.
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Examples of State Credit in a sentence

  • This State Credit will be administered under the same rules and regulations prescribed for the Federal Credit supplemented by any rules, policies, or regulations established by the Georgia Department of Revenue and/or the Office of Insurance and Safety Fire Commissioner.

  • The annual State Credit dollar amount will equal that of the Federal Credit.

  • The State Credit will be automatically allocated on a dollar-for-dollar basis with the Federal Credit (for both the 9% and 4% Federal Credit) and will be available for the same time period discussed above.

  • The State Credit will be automatically allocated on a dollar-for-dollar basis with the Federal Credit (for both 9% and 4% Federal Credit) and will be available for the same time period discussed above.

  • State Credit The annual State Credit dollar amount will equal that of the Federal Credit.

  • Projects with State Credit will not be eligible for additional State Credits after Preliminary award.

  • As the Administrator of the Federal and State Credit program, DCA must ensure that the credit is administered in an efficient and effective manner.

  • A Final Allocation fee based on the annual State Credit amount (if applicable) or $5,000, whichever is greater, is payable at the time of Application for a Final Allocation of State Credits.

  • The Federal and State Credit may be bifurcated and sold to separate investors.

  • BTP units, other than service units, may export to Russian Federation in Indian Rupees against repayment of State Credit/ Escrow Rupee Account of buyer subject to RBI clearance, if any.


More Definitions of State Credit

State Credit means the tax credits awarded pursuant to the State Low Income Housing Tax Credit Law and this rule.
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State Credit means any Tax credit for a particular State.
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State Credit means the Housing Tax Credit established by the Georgia General Assembly, as set forth in O.C.G.A. 48-7-29.6.“Threshold” means the criteria described in Appendix I, which is the first phase of review for Applications submitted under the Plan. Only those Applications that meet the Threshold criteria will be advanced to the Competitive Scoring process of the Application evaluations.
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State Credit means the Housing Tax Credit established by the Georgia General Assembly, as set forth in O.C.G.A. Section 48-7-29 and Section 33-1-18.
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Related to State Credit

  • Bridge Credit Agreement means that certain Credit Agreement, dated as of December 24, 2018, by and among Parent Borrower, as Borrower, Citibank, N.A., as Agent and the other parties thereto.

  • Letter of Credit Collateralization means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Agent documentation executed by all beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the then existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

  • New Credit Facility is defined in Section 9.8.