The California Health and Safety Code Chapter 3.7 of Part 1 of Division 31 commencing with Section 50199.50 and California Revenue and Taxation Code Sections 17053.14, 23608.2 and 23608.3 established the Farmworker Housing Assistance Program and designated the California Tax Credit Allocation Committee as the agency to administer the program and promulgate rules and regulations, policies and procedures governing the Committee's management of the program. These regulations establish procedures for the reservation, allocation and compliance monitoring of the Farmworker Housing Assistance Program. In the event that the California Legislature, or the California Franchise Tax Board adds or changes any statutory or regulatory requirements concerning the use or management of the program, participants shall comply with such requirements.