| Sec. 5. Tax credit financing. By October 1, 2003, the Maine State |
| Housing Authority shall file a request with the Internal Revenue |
| Service for a private letter ruling regarding compliance with |
| applicable provisions of Section 42 of the federal Internal |
| Revenue Code and regulations promulgated under that section for |
| the housing component of assisted living programs as such |
| compliance pertains to rulemaking by the Department of Human |
| Services for assisted living programs. In developing the |
| request, the Maine State Housing Authority shall consult with the |
| Department of Human Services, providers of assisted living |
| programs that utilize financing based on low-income housing tax |
| credits and representatives of lenders and investors in |
| affordable assisted living programs financed by low-income |
| housing tax credits. Within 3 months of receiving guidance from |
| the Internal Revenue Service, the Maine State Housing Authority |
| and the Department of Human Services shall report to the joint |
| standing committee of the Legislature having jurisdiction over |
| health and human services matters regarding that guidance and any |
| recommendations for legislation or rulemaking. |