Section 125.101. Definitions; A, C.

Rule 101. (1) As used in these rules:

(a)   "Act" means Act No. 346 of the Public Acts of 1966, as amended, being S125.1401 et seq. of the Michigan Compiled Laws.

(b)   "Adjusted annual income" means gross income less $750.00 for each member of the household living in the same dwelling unit.

(c)    "Adjusted household income" means the gross annual income from  all sources and before taxes or withholding of all members of a household living in a dwelling unit or housing unit  after  deducting   all  of  the following:

(i)   Unusual or temporary income of any member of the household.

(ii)   Six hundred and fifty dollars for each member of the household.

(iii)    Earnings of a member of a household who is under 18 years of age or who is physically or mentally handicapped.

(iv)   Fifty percent of the income of a second adult wage  earner  jointly occupying the dwelling or housing unit whose individual income is less than that of the wage earner with the highest income.

(v)   The lesser of $1,000.00 or 10% of the gross annual income.

(d)  "Applicant" means a corporation, partnership, joint venture, trust, individual, public body or agency, or other entity applying to receive authority monies or services under the act.

(e)   "Application" means a request for authority assistance under the act made on forms furnished by the authority.

(f)  "Authority" means the Michigan state  housing  development  authority created by the act.

(g)   "Central city" means any 1 of the following:

(i)    A city that is eligible for listing in the title of a standard metropolitan statistical area according to the criteria set forth in the publication entitled "Standard Metropolitan   Statistical   Areas,"   revised

edition 1975, a publication of the United States office of management and budget, copies of which are available  from  the  Lansing   office   of   the authority at a cost of

$6.00 per copy.

(ii)   A city that is eligible for listing in the  title   of  a    metropolitan statistical area or a primary metropolitan statistical area according to the criteria set forth in the publication   entitled   "Metropolitan Statistical Areas," 1983, a publication of the United  States  office  of management and budget, copies of which   are  available   from the   Lansing office of the authority at a cost of $6.00 per copy.

(iii)   An incorporated area that is totally surrounded by a city or cities which are eligible pursuant to the provisions of  paragraph    (i)  or

(ii) of this subdivision.

(iv) Two or more incorporated areas, the total combined area   of  which  is surrounded by a city or cities eligible  pursuant  to   the   provisions   of paragraph (i) or

(ii)   of this subdivision.

(2)   Terms defined in the act have the same meanings  when  used   in   these rules.

History: 1979 AC; 1982 AACS; 1985 AACS; 1986 AACS; 1991 AACS.