Florida Florida Statutes
§ 159.8101 — Applications for a carryforward; carryforward confirmations
FS § 159.8101Ch. 159
Statute text
View on source(1)Any issuer that wishes to elect to carryforward an allocation of state volume limitation under s. 146(f) of the Code must first request and obtain a carryforward confirmation from the division.
(2)The division shall, when requested, issue a carryforward confirmation for those confirmations issued pursuant to this part for those projects that qualify for a carryforward pursuant to s. 146(f) of the Code, provided that such request includes an opinion of bond counsel that such allocation of state volume limitation will be used for a carryforward purpose pursuant to s. 146(f)(5) of the Code and is received by the division at least 3 business days before the expiration of such confirmation.
(3)A request for a carryforward confirmation must be made by filing with the division a notice of intent to issue meeting all requirements of this section and s. 159.8051(2). Such request must include an opinion of bond counsel that such allocation of state volume limitation will be used for a carryforward purpose pursuant to s. 146(f)(5) of the Code. All such requests must be timely filed with the division in accordance with s. 159.814 by or on behalf of the issuer requesting to carryforward an allocation of state volume limitation. History.159.8101, the division must make such remaining state volume limitation available to the corporation to be carried forward for the issuance of affordable housing bonds in subsequent years as provided by the Code. Thereafter, any remaining state volume limitation not used as provided in subsection (2) must be carried forward to the next calendar year to the extent permitted by the Code.
Legislative history
s. 21, ch. 2024-220.