Notice 88-73 provides guidelines for

determining the weighted average interest rate and the resulting permissible range of

interest rates used to calculate current liability for the purpose of the full funding limitation of § 412(c)(7) of the Internal Revenue Code as amended by the Omnibus Budget Reconciliation Act of 1987 and as further amended by the Uruguay Round Agreements Act, Pub. L. 103-465 (GATT).

90% to 105% 90% to 110% Weighted Permissible Permissible Month Year Average Range Range

February 2001 5.89 5.30 to 6.19 5.30 to 6.48

The proper population figures for calculating the Credit Ceiling and the Volume Cap for the 2001 calendar year are the resident population of the 50 states, the District of Columbia, and Puerto Rico, released by the Bureau of the Census on December 28, 2000, in Press Release CB00-CN.65. The proper population figures for calculating the Credit Ceiling and the Volume Cap for the 2001 calendar year for the insular areas (American Samoa, Guam, Northern Mariana Islands, and U.S. Virgin Islands) are the estimates of the resident population for July 1, 1999, released by the Bureau of the Census on December 29, 1999, in Press Release CB99-254. For convenience, the CB00-CN.65 and CB99254 figures are reprinted below.

Drafting Information

The principal author of this notice is Todd Newman of the Employee Plans, Tax Exempt and Government Entities Division. For further information regarding this notice, please call Mr. Newman at (202) 283-9702 (not a toll-free number).

Low-Income Housing Tax Credit—2001 Calendar Year Resident Population Estimates