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2017 Arizona Revised Statutes
Title 35 - Public Finances
§ 35-905 Restrictions on confirmations; definition
Universal Citation: AZ Rev Stat § 35-905 (2017)
35-905. Restrictions on confirmations; definition
A. Before December 17, a confirmation shall not be allocated to a project in an amount greater than thirty-five million dollars, except that this subsection does not apply to any project that is eligible to receive an allocation pursuant to section 35-902, subsection B, C or E. For the purposes of this section, the amount of allocation to a project shall also include any other state ceiling allocation received by any related person to the project.
B. For the purposes of this section, " related person" has the same meaning as provided in section 147(a)(2) of the code, except that all references to fifty percent shall be changed to twenty-five percent.
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