Utah § 63H-8-408 Allocation to corporation of mortgage bonds qualified under Internal Revenue Code.

Utah Statutes

§ 63H-8-408 — Allocation to corporation of mortgage bonds qualified under Internal Revenue Code.

Utah § 63H-8-408

Title 63HIndependent State Entities

Ch. 63H-8Utah Housing Corporation Act

Part 63H-8-4Corporation Assets and Obligations

This text of Utah § 63H-8-408 (Allocation to corporation of mortgage bonds qualified under Internal Revenue Code.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 63H-8-408 (2026).

Text

(1)The entire amount of qualified mortgage bonds allowable to Utah under 26 U.S.C. Sec. 143, and the regulations issued under the code, is allocated to the Utah Housing Corporation which, for purposes of 26 U.S.C. Sec. 143 and the regulations under that section, has sole responsibility for issuing or approving the issuance of qualified mortgage bonds allowable to Utah.

(2)The corporation is not required to issue or approve the issuance of qualified mortgage bonds equal in amount to the amount allowed Utah.

(3)Housing authorities in counties, cities, and towns in Utah may apply under 26 U.S.C. Sec. 143 to the corporation for funding of housing programs within their respective jurisdictions.

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(1) The entire amount of qualified mortgage bonds allowable to Utah under 26 U.S.C. Sec. 143, and the regulations issued under the code, is allocated to the Utah Housing Corporation which, for purposes of 26 U.S.C. Sec. 143 and the regulations under that section, has sole responsibility for issuing or approving the issuance of qualified mortgage bonds allowable to Utah.
(2) The corporation is not required to issue or approve the issuance of qualified mortgage bonds equal in amount to the amount allowed Utah.
(3) Housing authorities in counties, cities, and towns in Utah may apply under 26 U.S.C. Sec. 143 to the corporation for funding of housing programs within their respective jurisdictions.