Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 325 - MAINE NEW MARKETS CAPITAL INVESTMENT PROGRAM (Amendment 3)
- Section 457-325-1 - DEFINITIONS
- Section 457-325-2 - APPLICATION PROCESS FOR ALLOCATION OF TAX CREDIT AUTHORITY
- Section 457-325-3 - INFORMATION REQUIRED ON OR ATTACHED TO THE ALLOCATION APPLICATION
- Section 457-325-4 - AWARD OF ALLOCATION OF TAX CREDIT AUTHORITY; TERM OF AWARD
- Section 457-325-5 - CERTIFICATION OF ELIGIBILITY FOR TAX CREDITS
- Section 457-325-6 - REPORTING REQUIREMENTS; RECAPTURE
- Section 457-325-7 - WAIVER OF RULE
- Section 457-325-8 - RETOACTIVE EFFECT OF AMENDMENT 3
Current through 2024-38, September 18, 2024
Summary: This rule establishes the procedures, standards and fees applicable to applicants under the Authority's Maine New Markets Capital Investment Program (the "Program"). Under the Program, the Authority may allocate tax credit authority to a qualified community development entity, which allocation acts as a reservation of refundable tax credits that may subsequently be approved by the Authority if the qualified community development entity obtains qualified equity investments as certified by the Authority as provided by 10 M.R.S.A. §1100-Z.
STATUTORY AUTHORITY: 10 M.R.S.A. §1100-Z; 36 M.R.S.A. §5219-GG
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