The purpose and effect of the proposed rule amendment is to address the process for evaluating requests for the transfer of the general partnership interests from a for-profit entity to a not for-profit entity.

FLORIDA HOUSING FINANCE CORPORATION

RULE NO.: RULE TITLE:
67-48.0072: Credit Underwriting and Loan Procedures
PURPOSE AND EFFECT: The purpose and effect of the proposed rule amendment is to address the process for evaluating requests for the transfer of the general partnership interests from a for-profit entity to a not for-profit entity.
SUBJECT AREA TO BE ADDRESSED: Subject area to be addressed is revision to the rules that address ownership of properties by for-profit entities.
RULEMAKING AUTHORITY: 420.507 FS.
LAW IMPLEMENTED: 420.5087, 420.5089, 420.5099 FS.
A RULE DEVELOPMENT WORKSHOP WILL BE HELD AT THE DATE, TIME AND PLACE SHOWN BELOW:
DATE AND TIME: January 26, 2012, 2:00 p.m. – 4:00 p.m.
PLACE: Tallahassee City Hall, Commission Chambers, 300 South Adams Street, Tallahassee, FL 32301
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this workshop/meeting is asked to advise the agency at least 5 days before the workshop/meeting by contacting: Matthew Sirmans at [phone]. If you are hearing or speech impaired, please contact the agency using the Florida Relay Service, 1(800)955-8771 (TDD) or 1(800)955-8770 (Voice).
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Matthew Sirmans, Assistant General Counsel, 227 N. Bronough Street, Suite 5000, Tallahassee, FL 32301, [phone]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS NOT AVAILABLE.