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-9- <br />• The MCPP is authorized under Minnesota Statutes § 474A.061, subdivision 2a and <br />Administrative Rules 4900.3200 to 4900.3290. Copies of these materials are <br />available upon request. <br />• Local governments may also continue to sell their own bonds under the above - <br />referenced statute and administrative rules if this option better rneets their <br />objectives. Local issuers will also be required to apply to the Agency for bond <br />authority within the time frame outlined in this letter, and will be required to meet <br />the statutory provisions of the usage test detailed above. <br />Agency staff will be happy to assist in answering any questions you may have about <br />the MCPP and developing proposals hereunder. For questions, concerns and <br />additional information, please call the MHFA Homeownership Opportunity Division at <br />12) 296-7613 in the Twin Cities MSA, or at 1-800-657-3802 from Greater Minnesota, <br />and reference the MCPP. We look forward to doing business with you under this <br />unique program offering. <br />