13 Va. Admin. Code § 10-190-150

Current through Register Vol. 41, No. 9, December 16, 2024

Section 13VAC10-190-150 - Targeted areas

For each program, the authority may set aside 20% of the program amount for use in targeted areas, as specified by IRC § 25 and the related U.S. Department of the Treasury regulations for a period of one year from the date on which the MCCs under that program are first made available. In addition, the authority may take all other necessary steps to comply with the targeted area requirements imposed by IRC § 25 and the related U.S. Department of the Treasury regulations.

Derived From Virginia Register Volume 31, Issue 09, eff. 1/1/2015.

Statutory Authority: § 36-55.30:3 of the Code of Virginia.