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.
Roll over chart for details of current budget. General fund budget, fiscal year 2010-11. Taxes and fees are projected to put about $82 billion into California's general fund for the fiscal year starting July 1. But at current rates, the state would spend about $22 billion more than that. The gap between revenue and spending plus the gap in the current fiscal year's budget and reserve funds adds up to the total deficit, now estimated at about $28 billion.