This rule will provide qualified community development entities that want to request a waiver of the eligible industry requirement when making qualified low-income community investments with guidance by providing a timeline, application, and ...

 

DEPARTMENT OF ECONOMIC OPPORTUNITY

Division of Community Development

RULE NO.:RULE TITLE:

73C-3.001Eligible Industry Waiver

PURPOSE AND EFFECT: This rule will provide qualified community development entities that want to request a waiver of the eligible industry requirement when making qualified low-income community investments with guidance by providing a timeline, application, and definitions, to be used when requesting the waiver. Defining the process will allow the Department to more efficiently manage the New Markets Development Program.

SUBJECT AREA TO BE ADDRESSED: This rule addresses the process by which a qualified community development entity may request an eligible industry waiver from the Department.

RULEMAKING AUTHORITY: 288.9921 FS.

LAW IMPLEMENTED: 288.9914(1)(b) FS.

IF REQUESTED IN WRITING AND NOT DEEMED UNNECESSARY BY THE AGENCY HEAD, A RULE DEVELOPMENT WORKSHOP WILL BE NOTICED IN THE NEXT AVAILABLE FLORIDA ADMINISTRATIVE REGISTER.

THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE DEVELOPMENT AND A COPY OF THE PRELIMINARY DRAFT, IF AVAILABLE, IS: Brook Pace, Division of Community Development, Department of Economic Opportunity, 107 East Madison Street, MSC 160, Tallahassee, Florida 32399, [phone]

THE PRELIMINARY TEXT OF THE PROPOSED RULE DEVELOPMENT IS AVAILABLE AT NO CHARGE FROM THE CONTACT PERSON LISTED ABOVE.