109.04.2-VI. Fees.
AR ADC 109.04.2-VIArkansas Administrative CodeEffective: January 29, 2018
Effective: January 29, 2018
Ark. Admin. Code 109.04.2-VI
109.04.2-VI. Fees.
An annual fee of 0.125%, based on the principal amount of bonds issued, is payable on October 1 of each year the bonds remain outstanding for bonds with a maturity date in excess of five (5) years.
3. COMPLIANCE/MONITORING FEE. A compliance and monitoring fee of six percent (6%) of the amount of annual credits is required to be paid at the time the credits are awarded (at issuance of IRS Form 8609). In addition, a monitoring fee of $50 per low-income housing tax credit unit inspected will be owed to the Authority following any on-site compliance and monitoring inspection conducted by the Authority during the extended period following the close of the 15-year compliance period.
Credits
Amended emergency effective Sept. 22, 2017. Amended Jan. 29, 2018.
Current with amendments received through February 15, 2024. Some sections may be more current, see credit for details.
Ark. Admin. Code 109.04.2-VI, AR ADC 109.04.2-VI
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