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TITLE 47: HOUSING AND COMMUNITY DEVELOPMENT
CHAPTER II: ILLINOIS HOUSING DEVELOPMENT AUTHORITY PART 355 ILLINOIS AFFORDABLE HOUSING TAX CREDIT PROGRAM SECTION 355.301 ACCEPTABLE TYPES OF DONATIONS
Section 355.301 Acceptable Types of Donations
Donations may only be made in the form of cash, securities, or real or personal property. Provision of services of any kind shall not constitute a Donation. Upon receipt of a Donation, a Sponsor shall notify the allocating Agency and provide to the Agency documentation evidencing both the Donation and its value, which must be determinable as of the date of the Donation.
(Source: Amended at 31 Ill. Reg. 5797, effective March 30, 2007) |