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. G. Section 146 ofthe Internal Revenue Code of 1986, as amended (the .Code"), limits the amount of mortgage credit certificates that may be issued in any calendar year by entities within a state and authorizes the governor or the legislature of such State to provide the method of allocation within such state. H. Chapter 11.8 of Division 1 of Title 2 of the Government Code of the State of California (the "Government Code") governs the allocation of the state ceiling (as that term is defined in the Code) among governmental units in the State of California (the "State") having the authority to issue mortgage credit certificates. I. Section 8869.85 of the Government Code requires a local agency to file an application for a portion of the state ceiling with or upon the direction of the California Debt Limit Allocation Committee ("CDLAC") prior to the issuance of mortgage credit certificates. . J. The Agency desires that the County file an application with CDLAC on behalf of the Agency for an allocation of authority to issue mortgage credit certificates and elects to transfer to the County pursuant to Section 8869.85 (d) of the Government Code, the total amount, if any, of authority allocated to the Agency. 2. The Agency hereby adopts the Program for the purpose of increasing the housing supply in the County and in the City and consents to the operation of the Program by the County with respect to all property located within the geographic boundaries of the City, including the payment to the County of the Agency's proportionate share (based upon the number of participants in the Program) of administration costs applicable to each allocation received from CDLAC, which share is estimated not to exceed $15,000.00. 3. The Executive Director, or his designee, is authorized, on behalf of the Agency, to take such steps and execute such documents as necessary for the submission of an application to CDLAC on behalf of the Agency. 4. The Agency hereby authorizes the transfer to the County of all of the total principal amount, if any, and the authority to issue mortgage credit certificates allocated to the Agency by CDLAC. The Executive Director or his designee, on behalf of the Agency, is authorized and directed to take such st~ps and execute such documents as are necessary to effect the transfer of such allocation to the County solely for application for the issuance of mortgage credit certificates which are to be used to induce the origination of home mortgage loans to qualifying persons who will reside within the City and the County. . 5. The Executive Director is authorized to cause the payment to the County of the Agency's proportionate share of administrative costs of the Program referred to in Paragraph 2, above.