Sec. 5. Qualified allocation plans
79 words·~1 min read·
/bill/118/hr/8604/ih/section-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The selection criteria under a qualified allocation plan under section 42 of the Internal Revenue Code of 1986) shall not include consideration of— any opposition with respect to the project from local or elected officials; or any local government contribution to the project, except to the extent such contribution is taken into account as part of a broader consideration of the project’s ability to leverage outside funding sources, and is not prioritized over any other source of outside funding.