HAR §15-313-11. Withdrawals and cancellations

(a) An applicant may withdraw an application for federal credit reservations prior to receiving a reservation from the corporation, or may cancel a reservation or an allocation after award, by submitting a written notification to the corporation of the withdrawal or cancellation. (b} After a federal credit reservation has been made, an applicant desiring to increase the amount of credits because of an increase in the qualified basis must reapply to the corporation in accordance with section 15-313-8 and such application will be considered on the same basis as other applicants for any available credits. (c) In the event of a cancellation of a federal credit reservation or an allocation by the applicant, or the withdrawal of federal credit reservations by the executive director, available federal tax credits may be reallocated to other qualified applicants in accordance with the provisions of these rules. [Eff 4/23/10; comp JAN f 5 20n ] (Auth: HRS §§201H-4, 201H-15) (Imp: HRS §201H-15; 26 U.S.C. 42 (h} (3) (c); 52 Fed. Reg. 23433 §1.42-lT) 313-12 §15-313-12