Reference to Federal Credit Rules

Unless otherwise provided in M.G.L. c. 23B, § 3, M.G.L. c . 62, § 6I and M.G.L. c. 63, § 31H or 760 CMR 54.00 or unless the context clearly requires otherwise, the Massachusetts low-income housing tax credit shall be administered and allocated in accordance with the standards and requirements applicable to the federal low-income housing tax credit as set forth in Internal Revenue Code § 42 and 26 CFR § 1.42, et seq. and with respect to the administration of the Massachusetts low-income housing tax credit, whenever the word “Secretary” appears in the Code and associated regulations, it shall be taken to mean the Undersecretary of the Department.