# Payments in Lieu of Low Income Housing Tax Credits
> **Treasury** · Interim final rule. · Published 2009-08-31 · Effective 2009-08-31 · 74 FR 44751
## Document
- **Document number:** E9-20903
- **Category:** other
- **Sub-agency:** Treasury
- **Federal Register citation:** 74 FR 44751
- **CFR reference:** 31 CFR 32
- **Publication date:** 2009-08-31
- **Effective date:** 2009-08-31
## Abstract

The Department of the Treasury is amending its policy regarding the time limitation within which State housing credit agencies must disburse funds received under section 1602 of the American Recovery and Reinvestment Tax Act of 2009. This change will allow States to disburse section 1602 funds to subawardees through December 31, 2011 under certain conditions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2009/08/31/E9-20903/payments-in-lieu-of-low-income-housing-tax-credits)
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