Ohio Admin. Code 122:29-1-04 - Agreements and amendments
(A)
Following
approval and certification of an application in order to be eligible to receive
a credit, all applicants will enter into a grant agreement with the authority
setting forth the terms and conditions, in accordance with section
122.09
of the Revised Code and Chapter 122-29 of the Administrative Code. Any
applicant identified in the application who does not execute the agreement is
not eligible for receiving the approved and certified tax
credit.
(B)
The agreement will incorporate the development plan and
application materials and will set the potential total amount of tax credit and
proportion of the total tax credit allocated to each property owner, if more
than one property owner is included in the application as approved and
certified by the authority.
(C)
The agreement may
be amended prior to the completion date to reflect changes in property owners,
the timeline for completion, or changes in financing. The authority will not
consider any requests to amend the scope of the project or end uses as
described in the development plan and application materials.
Notes
Promulgated Under: 119.03
Statutory Authority: 122.09(O)
Rule Amplifies: 122.09
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