42(m) Letter definition

42(m) Letter means the letter from the Authority to an Owner evidencing that a Project being financed with the proceeds of tax-exempt bonds satisfies the requirements of the QAP and Section 42(m)(1)D of the Code.

Examples of 42(m) Letter in a sentence

  • The Additional Restrictions listed in Exhibit C and Exhibit D must be consistent with the Project’s original reservation, binding agreement, any carryover agreement and, if applicable, any Section 42(m) Letter, with the exception of approved amendments.