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<br />DATE: 07/92 <br />SECfION:3334 <br />PAGE: 2 <br /> <br />that the managing general partner have sufficient powers so that it materially participates <br />in the management and control of the limited partnership; <br /> <br />(t) prior to becoming a member of a leasehold cooperative described in this subdivision, a <br />person must have received notice that (1) describes leasehold cooperative property in plain <br />language, including but not limited to the effects of classification under this subdivision on <br />rents, property taxes and tax credits or refunds, and operating expenses, and (2) states that <br />copies of the articles of incorporation and bylaws of the cooperative association, the lease <br />between the owner and the cooperative association, a sample sublease between the <br />cooperative association and a tenant, and, if the owner is a partnership, a copy of the <br />limited partnership agreement, can be obtained upon written request at no charge from the <br />owner, and the owner must send or deliver the materials within seven days after receiving <br />any request; <br /> <br />(g) if a dwelling unit of a building was occupied on the 60th day prior to the date on <br />which the unit became leasehold cooperative property described in this subdivision, then <br />(1) the notice described in paragraph (t) must have been sent by first class mail to the <br />occupant of the unit at least 60 days prior to the date on which the unit became leasehold <br />cooperative property. For purposes of the notice under this paragraph, the copies of the <br />documents referred to in paragraph (t) may be in proposed version, provided that any <br />subsequent material alteration of those documents made after the occupant has requested a <br />copy shall be disclosed to any occupant who has requested a copy of the document. <br />Copies of the articles of incorporation and certificate of limited partnership shall be filed <br />with the secretary of state after the expiration of the 60 day period unless the change to <br />leasehold cooperative does not proceed; and <br /> <br />(h) the county attorney of the county in which the property is located must certify to the <br />assessor that the property meets the requirements of this subdivision; <br /> <br />(i) the public financing received must be from at least one of the following sources: <br /> <br />(1) tax increment financing proceeds used for the acquisition or rehabilitation of the <br />building or interest rate writedowns relating to the acquisition of the building; <br /> <br />(2) government issued bonds exempt from taxes under section 103 of the Internal <br />Revenue Code, the proceeds of which are used for the acquisition or rehabilitation of <br />the building; <br /> <br />(3) programs under section 221(d)(3), 202, or 236, of Title II of the National <br />Housing Act; <br /> <br />,j <br /> <br />(4) rental housing program funds under Section 8 of the United'State Housing Act <br />of 1937 or the market rate family graduated payment mortgage program fun.ds <br />