FLORIDA HOUSING FINANCE CORPORATION
RULE NO.:RULE TITLE:
67-48.002Definitions
NOTICE OF CHANGE
Notice is hereby given that the following changes have been made to the proposed rule in accordance with subparagraph 120.54(3)(d)1., F.S., published in Vol. 42 No. 125, June 28, 2016 issue of the Florida Administrative Register.
This change is in addition to the changes listed in Notice of Change published in Vol. 42, No. 146, July 28, 2016, issue of the Florida Administrative Register.
67-48.002 Definitions.
(1) through (8) No change.
(9) “Applicant” means any person or legal entity of the type and with the management and ownership structure described herein that is seeking a loan or funding from the Corporation by submitting an Application or responding to a competitive solicitation pursuant to Rule Chapter 67-60, F.A.C., for one or more of the Corporation’s programs. For purposes of Rules 67-48.0105, 67-48.0205 and 67-48.031, F.A.C., Applicant also includes any assigns or successors in interest of the Applicant. Unless otherwise stated in a competitive solicitation, aAs used herein, a ‘legal entity’ means a legally formed corporation, limited partnership or limited liability company with a management and ownership structure that consists exclusively of all natural persons by the third principal disclosure level. For Applicants seeking Housing Credits, the Housing Credit Syndicator/Housing Credit investor need only be disclosed at the first principal disclosure level and no other disclosure is required. The terms ‘first principal disclosure level’ and ‘third principal disclosure level’ have has the meanings attributed to them it in the definition of “Principal.”
(10) through (92) No Change.
(93) “Principal” means:
(a) With respect to an Applicant that is:
1. No change.
2. A limited partnership, at the first principal disclosure level, any general partner or limited partner of the Applicant limited partnership, and, unless otherwise excluded at subsection 67-48.002(9), with respect to any general partner or limited partner of the Applicant limited partnership, at the second principal disclosure level, that is:
a. through h. No change.
3. A limited liability company, at the first principal disclosure level, any manager or member of the Applicant limited liability company, and, unless otherwise excluded at subsection 67-48.002(9) with respect to any manager or member of the Applicant limited liability company, at the second principal disclosure level, that is:
a. through h. No change.
(94) through (118) No change.
