Virginia Administrative Code (Last Updated: January 10, 2017) |
Title 13. Housing |
Agency 10. Virginia Housing Development Authority |
Chapter 190. Rules and Regulations for Qualified Mortgage Credit Certificate Programs |
Section 100. Determination of certificate credit rate
Latest version.
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For each program, the executive director shall establish the certificate credit rate in accordance with the limits set by IRC § 25(d), subject to change from time to time as he shall deem necessary or appropriate to accomplish the purpose of the program. The certificate credit rate shall be specified on each MCC issued under the program.
Historical Notes
Statutory Authority
§ 36-55.30:3 of the Code of Virginia.
Derived from Volume 31, Issue 09, eff. January 1, 2015.