Sec. 05.05.01.10. Limit on Return of Equity

A. Projects may be subject to a limitation on return of equity or an equity participation agreement, at the discretion of the Department.

B. Periodically, at the convenience and discretion of the Department, residual receipts held by the Department in connection with a limitation on return on equity imposed under this regulation, if any, shall be credited to the Fund. At the option of the Department, residual receipts may be disbursed for the project which generated the receipts or for any other project.

C. Sponsors of office and commercial space conversion projects are not subject to any limitation on return of equity.