State Designation means the date on which the Partnership receives an allocation in proper form pursuant to Section 42 of the Code from the Credit Agency of 1995 Tax Credits, as evidenced by the execution by or on behalf of the Credit Agency of one or more Form(s) 8609. For the purposes of determining State Designation, each building in the Apartment Complex shall be treated as having received an allocation of Tax Credit in an amount equal to the lesser of (i) the amount of Tax Credit carryover allocation received from the Credit Agency as to such building or (ii) the amount of Tax Credits set forth on the Form 8609 as to such building.
State Designation means the date upon which the Partnership receives the allocation by the authorized agency of the State of a Tax Credit for the buildings constituting the Apartment Complex in an annual dollar amount of not less than $31,171 as evidenced by the execution by or on behalf of such agency of Form(s) 8609. For the purposes of determining State Designation, each building in the Apartment Complex shall be treated as having received an allocation of Tax Credit in an amount equal to the lesser of (i) the amount of Tax Credit carryover allocation received from the authorized agency of the State as to such building or (ii) the amount of Tax Credit set forth on the Form 8609 as to such building.
State Designation means, with respect to the Apartment Complex, the final allocation by the Agency of Low-Income Housing Tax Credits, as evidenced by the receipt by the Partnership of IRS Form 8609 executed by the Agency as to all buildings in the Apartment Complex. In the event State Designation is anticipated to occur more that sixty (60) days after the Agency's Cost Certification, then, for purposes of Section 5.01(c) hereof, State Designation shall mean evidence of the Agency's receipt of Cost Certification.
Examples of State Designation in a sentence
Elk Grove Register of Historic Resources Designation by Federal and/or State Designation.
To implement this statutory requirement, NTIA requires applicants to provide a Letter of State Designation signed by the Governor or equivalent chief executive of the State, or his duly authorized designee, that identifies the State officer or governmental body designated as the coordinator of the implementation of the grant funds.
Recommendations:The Committee shall recommend to the Board of Directors whether the state's Licensing State Designation should continue.
Additionally, this manual serves to standardize North Carolina State Designated Rural Health Center services and to describe strategies used by the Office of Rural Health to designate new rural health centers, provide additional resources that support effective operations for rural health centers of excellence, and transition currently funded rural health centers when State Designation is no longer needed.
All service providers will be required to maintain, or gain, appropriate State licensing, registration or certification for the service they intend to offer and population they intend to serve, as a condition of State Designation as a new children’s State Plan or HCBS provider.
More Definitions of State Designation
State Designation means, with respect to the Apartment Complex, the final allocation by the Agency of Low-Income Housing Tax Credits, as evidenced by the receipt by the Partnership of IRS Form 8609 executed by the Agency as to all buildings in the Apartment Complex.
State Designation means, with respect to the Apartment Complex, the final allocation by the Agency of Low-Income Housing Tax Credits, as evidenced by the receipt by the Partnership of IRS Form 8609 executed by the Agency as to all buildings in the Apartment Complex. In the event that State Designation is anticipated to occur more than 60 days after the Agency's receipt of Cost Certification, then, for purposes of Section 5.01(c) hereof, State Designation shall mean evidence of the Agency's receipt of Cost Certification, provided that the Partnership has received a valid Carryover Allocation of 1993 Tax Credits which remains in full force and effect.
State Designation means, with respect to the Apartment Complex, the final allocation by the Agency of Low-Income Housing Tax Credits, as evidenced by the receipt by the Partnership of IRS Form 8609 executed by the Agency as to all buildings in the Apartment Complex. In the event that State Designation is anticipated to occur more than 60 days after the Agency's receipt of Cost Certification, then, for purposes of Section 5.01(c) hereof, State Designation shall mean evidence of the Agency's receipt of Cost Certification, provided that the Partnership's Carryover Allocation of 1994 Tax Credits remains valid and in full force and effect. "Subordinated Loan" means any loan made by the General Partner to the Partnership pursuant to Section 8.17. "Substantial Completion" means the date upon which the Partnership has received all necessary certificates of substantial completion or certificates of occupancy from the applicable governmental jurisdiction(s) or authority(ies) relating to 100% of the SRO Units in the Apartment Complex, or (ii) receipt of a certification from the inspecting architect in form and substance acceptable to Boston Capital, with respect to satisfactory completion of one hundred percent (100%) of the apartment units in the Apartment Complex; provided, however, that Substantial Completion shall not be deemed to have occurred if on such date any liens or other encumbrances as to title to the Land and the Apartment Complex exist, other than those securing the Loans and/or those Consented to by the Investment Partnership. "Substitute Limited Partner" means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.03. "Syndication Expenses" means all expenditures classified as syndication expenses pursuant to Treasury Regulation Section 1.709-2(B). Syndication Expenses shall be taken into account in determining and maintaining Capital Accounts pursuant to Section 11.12 of this Agreement at the time they would be taken into account under the Partnership's method of accounting if they were deductible expenses. "Taxable Income" and "Tax Losses" means the Partnership's taxable income or tax losses, respectively, for each fiscal year (or part thereof) as determined for federal income tax purposes, including, where the context requires, all items of income, gain, loss, deduction and credit which enter into the computation thereof. "Tax Credit" means the Low-Income Housing Tax Credit. "Tax Credit Set Aside" means the date upon which the Partnership...
State Designation means, with respect to the Apartment Complex the written determination by the Agency and the Bond Issuer that the Apartment Complex meets the requirements set forth in Sections 42(m)(1)(D) and 42(m)(2)(D) of the Code.
State Designation means April 24, 1996.
State Designation means the date upon which the Partnership receives the allocation by the authorized agency of the State of a Tax Credit for the building(s) constituting the Apartment Complex in an annual dollar amount of not less than $35,430 as evidenced by the execution by or on behalf of such agency of Form(s) 8609.
State Designation means, with respect to the Apartment Complex, the allocation by the Agency of Low-Income Housing Tax Credits, as evidenced by the receipt by the Partnership of an IRS Form 8609 executed by the Agency as to each of the buildings constituting the Apartment Complex. "Subordinated Loan" means any loan made by the General Part- ner to the Partnership pursuant to Section 8.16. "Substantial Completion" means the date upon which all of the following have occurred: (i) the rehabilitation of the Apartment Complex has been completed as evidenced by the Partnership's receipt of the certification of the inspecting architect as to the satisfactory substantial completion of all rehabilitation and construction work as to the Apartment Complex, and by the receipt by BCTC 94 of a certification as to such satisfactory substantial completion of rehabilitation from the reviewing architect retained by BCTC 94; (ii) the Partnership shall have received an updated owner's title insurance policy (or endorsement thereto) satisfactory to BCTC 94; (iii) BCTC 94 shall have received evidence satisfactory to it that all amounts payable to the construction manager and all subcontractors have been paid in full (other than agreed-upon retainage amounts payable at the Final Closing), and that the Partnership is not in violation of the construction management agreement or any subcontracts; and (iv) BCTC 94 shall have received evidence satisfactory to it that all due diligence recommendations as to the Apartment Complex remaining unresolved as of the Initial Closing (if any), have been fully resolved and/or performed in accordance with a separate letter agreement to be entered into between the Partnership and BCTC 94 as of the Initial Closing (as and to the extent applicable). "Substitute Limited Partner" means any Person admitted to the Partnership as a Limited Partner pursuant to Section 9.03. "Surplus Cash" means, for the period from and after the Final Closing, any cash from all sources remaining at the end of an annual fiscal period (a) after the payment (on a thirty day current basis) of (i) all sums due and currently required to be paid under the terms of the Mortgage Loan, (ii) any amounts required by the Lender and/or HUD to be deposited in the Reserve Fund for Replacements, and (iii) all obligations of or with respect to the Apartment Complex, including operating expenses and escrow deposits for taxes and insurance, other than the Mortgage Loan and the Second Loan; and (b) after the ...