Tenn. Comp. R. & Regs. 0770-06-05-.10

Current through October 22, 2024

Section 0770-06-05-.10 - COMPLIANCE PERIOD

Local housing programs shall establish compliance periods for each program, provided that each local recipient shall comply with the rules for at least 15 years, or 3 years if the grant is $3000 or less. The local housing program may also establish features for each local award which will allow a portion of the grant to be forgiven over time.

Tenn. Comp. R. & Regs. 0770-06-05-.10

Original rule filed August 30, 1988; effective October 14, 1988. Amendment filed March 12, 1990; effective April 26, 1990.

Authority: T.C.A. § 13-23-115(18) and 13-23-410 et seq.