67-58.040. Sale or Transfer of a Project

Effective on Sunday, December 23, 2007

1The CWHIP loan shall be assumable upon sale or transfer of the Project if the following conditions are met:

20(1) The proposed transferee agrees to maintain all set-asides and other requirements of the CWHIP loan for the period originally specified or longer; and,

44(2) The proposed transferee and release of transferor receives a favorable recommendation from the Credit Underwriter as satisfying the criteria stated in the Credit Underwriter’s report; meeting the stated purposes of the Corporation; complying with all legal requirements of the Corporation; and subject to approval by the Board.

92Rulemaking Authority 94420.5095 FS. 96Law Implemented 98420.5095 FS. 100History–New 12-17-06, Amended 12-23-07.

Rulemaking Events:

View Governor's Review

View JAPC's Review

Historical Versions(1)

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Related Statutes:

420.5095, F.S.

Related Notices (6)

                    
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