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SECTION 5. EFFECTIVE DATES
Internal Revenue Bulletin 2001-22 · 2026-10-03 edition · updated 2026-10-04 · United States
.01 Issuers must use the United States and area median gross income figures specified in section 3 of this revenue procedure for commitments to provide financing that are made, or (if the purchase precedes the financing commitment) for residences that are purchased, in the period that begins on April 6, 2001, and ends on the date when these United States and area median gross income figures are rendered obsolete by a new revenue procedure.
.02 Notwithstanding section 5.01 of this revenue procedure, issuers may continue to rely on the United States and area median gross income figures specified in Rev. Proc. 2000–21 with respect to bonds originally sold and nonissued bond amounts elected not later than June 28, 2001, if the commitments or purchases described in section 5.01 are made not later than August 27, 2001.
DRAFTING INFORMATION
The principal author of this revenue procedure is Allan B. Seller of the Office of Assistant Chief Counsel (Exempt Organizations/Employment Tax/Government Entities). For further information regarding this revenue procedure contact Mr. Seller at (202) 622-3980 (not a tollfree call).
May 29, 2001 1294 2001–22 I.R.B.
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