Statutes > Rhode Island Statutes > Title 42 - State Affairs and Government > CHAPTER 42-55 - Rhode Island Housing and Mortgage Finance Corporation > § 42-55-24.1 - Allocation of tax credits.

§ 42-55-24.1 - Allocation of tax credits.

SECTION 42-55-24.1

   § 42-55-24.1  Allocation of tax credits.– The corporation shall be the sole and exclusive agent for the allocation of allfederal tax credits for low-income housing under 26 U.S.C. § 42. Thecorporation shall have all of the powers necessary to effectuate thoseallocations, including without limitation, the power to adopt rules,regulations, and policies regarding those allocations.