SECTION 3. APPLICATION

REQUIREMENTS IN GENERAL

Each application for a CREBs volume cap allocation (“Application”) must be prepared and submitted in accordance with this section. In order for an Application to comply with this section, among other things, the Application must be prepared in substantially the form attached to this notice as Appendix A, subject to such minor changes or variations as the IRS and the Treasury Department may approve in

2007–14 I.R.B. 871 April 2, 2007

with CREBs, or to reimburse amounts paid with respect to a qualified project, the Application must demonstrate that the requirements under section 54(d)(2)(B) and (C), respectively, will be met.

h. Dollar amount of allocation re- quested . The Application must specify the dollar amount of the volume cap requested.