Pursuant to the provisions of § 103A(g) (26 U.S.C. § 103A(g)) of the Internal Revenue Code of 1954, as amended by § 1102(a) of the Omnibus Reconciliation Act of 1980 (Pub. L. No. 96-499), the applicable limit of qualified mortgage bonds that may be issued by the corporation in any calendar year shall be one hundred percent (100%) of the state ceiling for that year.
R.I. Gen. Laws § 42-55-26
Qualified mortgage bonds
Known as the Rhode Island Housing and Mortgage Finance Corporation Act
The act spans §§ 42-55-1 to 42-55-9 (39 sections).
P.L. 1982, ch. 295, § 10; G.L. 1956, § 42-44-28.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.