SENATE AMENDMENT

    Bill No. SB 1456

    Amendment No. ___   Barcode 195642

                            CHAMBER ACTION
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11  Senator Silver moved the following amendment:

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13         Senate Amendment (with title amendment) 

14         On page 11, between lines 3 and 4,

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16  insert:

17         Section 9.  Notwithstanding section 420.5099, Florida

18  Statutes, or any qualified allocation plan adopted by the

19  corporation, if a project that has previously received a

20  carryover allocation of low-income housing tax credits is

21  unable to be placed in service by the date required under

22  section 42(h)(1)(E) of the Internal Revenue Code of 1986,

23  caused in whole or in part by circumstances beyond the control

24  of the project, including, but not limited to, an appeal filed

25  with a local government which required work stoppage, the

26  corporation shall, upon the return by the project of such

27  low-income housing tax credits, issue a binding commitment for

28  the same amount of low-income housing tax credits to the

29  project for the immediately succeeding year.

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31  (Redesignate subsequent sections.)

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                                                  SENATE AMENDMENT

    Bill No. SB 1456

    Amendment No. ___   Barcode 195642





  1  ================ T I T L E   A M E N D M E N T ===============

  2  And the title is amended as follows:

  3         On page 2, line 22, after the semicolon,

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  5  insert:

  6         providing for a carryover of certain tax

  7         credits;

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