38138, 67ER06-1 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 38138

Notice of Emergency Rule

Department:

DEPARTMENT OF TRANSPORTATION

Overview

RULE:

67ER06-1	Purpose and Intent
67ER06-10	Terms and Conditions of Loans
67ER06-11	Sale or Transfer of a Development
67ER06-12	Construction Disbursements and Permanent Loan Servicing
67ER06-2	Definitions
67ER06-3	Application and Selection Procedures for Developments
67ER06-4	Applicant Administrataive Appeal Procedures
67ER06-5	Fees
67ER06-6	Credit Underwriting and Loan Procedures
67ER06-7	Miscellaneous Criteria
67ER06-8	General Program Procedures and Restrictions
67ER06-9	Additional Application Ranking and Selection Procedures

SPECIFIC REASONS FOR FINDING AN IMMEDIATE DANGER TO THE PUBLIC HEALTH, SAFETY OR WELFARE:

Florida experienced the destructive impact of four hurricanes in 2004. The hurricanes created both short-term and long-term housing needs for Floridians. To implement the February 2005 recommendations of the Governor’s Hurricane Housing Work Group, the Rental Recovery Loan Program, hereafter referred to as RRLP, is created for the purpose of providing funds to assist those areas of the state with the greatest housing damage from the hurricanes. Program funding is provided to enable eligible entities to build and rehabilitate affordable rental housing.

REASON FOR CONCLUDING THAT THE PROCEDURE IS FAIR UNDER THE CIRCUMSTANCES:

The Corporation has been granted emergency rulemaking authority under Ch. 2005-92, L.O.F., formerly House Bill 1889, “Distribution of Proceeds from the Excise Tax on Documents.” The RRLP rules shall be effective immediately upon filing with the Florida Department of State and shall be valid for a period of 180 days.

SUMMARY:

The rule provides the procedures by which RRLP funds shall be utilized by eligible entities for affordable rental housing recovery efforts. Rules incorporated below replace Emergency Rules 67ER05-8 through 67ER05-19 which expire January 8, 2006.

THE PERSON TO BE CONTACTED REGARDING THE EMERGENCY RULE IS:

Vicki Robinson, Deputy Development Officer, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, FL 32301, (850)488-4197

PRINT PUBLISH DATE:

1/20/2006 Vol. 32/03

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://www.flrules.org/gateway/ruleno.asp?id=67ER06-1&PDate=1/20/2006&Section=4

REFERENCE MATERIALS:

No reference(s).

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