Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE47. HOUSING AND COMMUNITY DEVELOPMENT |
PART355. ILLINOIS AFFORDABLE HOUSING TAX CREDIT PROGRAM |
SUBPARTC. DONATIONS |
§355.303. Minimum Donation Amount
Latest version.
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Except in the case of the transfer of a portion of a Certificate as set forth in Section 355.309 of this Part, the minimum amount of a Donation shall be $10,000. Individual Donations in an aggregated Donation, including Donations for which the Affordable Housing Tax Credits are transferred as permitted under Section 355.309 of this Part, may be less than $10,000; however, the aggregated Donation must be at least $10,000.
(Source: Amended at 34 Ill. Reg. 15822, effective September 28, 2010)