Applicant Eligibility: Nonprofit corporations or trusts organized to construct homes for members of the corporation or beneficiaries of the trust; and qualified sponsors who intend to sell the project to a nonprofit corporation or trust. Legal Authority: Section 213 of the National Housing Act (12 U.S.C. 1715e).
The tax years you can use are: 1  Calendar year - 12 consecutive months beginning January 1 and ending December 31. 2  Fiscal year - 12 consecutive months ending on the last day of any month except December. A 52-53-week tax year is a fiscal tax year that varies from 52 to 53 weeks but does not have to end on the last day of a month.
Californias State Budget: The Enacted 2016-17 Budget. The new spending plan reflects continued economic health. On June 27, 2016, Governor Brown signed the 201617 Budget Act, spending $170.9 billion from the General Fund and other state funds. General Fund appropriations total $122.5 billion, $7.1 billion (or 6%) more than the enacted 201516 budget.