Alabama Administrative Code › Title 460 - ALABAMA HISTORICAL COMMISSION › Chapter 460-X-23 - ALABAMA HISTORIC REHABILITATION TAX CREDIT › Section 460-X-23-.06 - Application Review Process

Current through Register Vol. 42, No. 9, June 28, 2024
(1)
Delivery
. Applications for the Program will be
			 accepted beginning on October 1, 2013 and continuously thereafter. Applications
			 should be delivered to the Commission.
(2)
Project Review
			 Priority
. Applications for Tax Credit Allocation Reservations are
			 placed on a Reservation Priority List in the order in which they are received
			 and will be reviewed in that order. Complete Applications that include Parts A
			 and B and all attachments will be eligible for a Tax Credit Allocation
			 Reservation in that same priority order. Incomplete Applications will be
			 removed from the list.
Applications received on the same day will be ordered in a
				lottery. All Applications received on or before 5:00 p.m. Central Daylight Time
				on October 1, 2013 will be considered to have been received on that date. The
				lottery shall be conducted by assigning sequential numeric characters to the
				Applications. The same sequential numeric characters will be written on
				identical white plastic balls measuring approximately 1.5 inches in diameter (a
				standard table tennis ball) and placed in a box of sufficient size to allow for
				the mixing of the balls when the box is shaken. Afterward, a member of the
				Commission staff shall blindly and randomly select one ball at a time and its
				corresponding number will be sequentially entered onto the Reservation Priority
				List. Three Commission staff persons will be present at the drawing, and the
				order of the numeric characters drawn will be witnessed and recorded by staff.
				The Commission's executive director will certify the review priority order of
				the lottery for assignment on the Reservation Priority List.
(a)
Staff Review
			 Order
. The staff of the Alabama Historical Commission will review
			 requests for Tax Credit Allocation Reservations in the following manner until
			 the Aggregate Tax Credit Allocation is reached:
1. The staff will review Parts A and B of the
			 Application to make certain that all information requested on the forms has
			 been provided. If all the forms are complete, the staff will proceed to the
			 next review step. If either of the forms is incomplete, the Application will be
			 determined to be incomplete, and the Application will be removed from the
			 Reservation Priority List. The Applicant will be notified of the Incomplete
			 Application and may reapply, but it will be considered to be a new
			 Application.
2. The staff will then
			 review Part A of the Application as more fully described below to determine
			 whether or not the building in question is a Certified Historic Structure, a
			 Certified Historic Residential Structure, or a Qualified Non-historic
			 Structure. After this determination is made, and complete Parts A and B of the
			 Application have been received, the Commission will issue a Tax Credit
			 Allocation Reservation within ninety (90) days and the staff will proceed to
			 the next review step. If the Applicant submits only Part A of the Application,
			 the Commission will notify the Applicant in writing of its
			 determination.
3. The staff will
			 then review Part B of the Application as more fully described below for the
			 Project's compliance with the Standards.