(b) Market study analysts that seek addition to the authority’s approved market study analyst list must submit to the multi-family housing department a copy of:

1. (1) A market study prepared by the analyst within the past six (6) months of a proposed development in which rents are restricted by the low-income housing tax credit program;
2. (2) A copy of the market study analyst’s resume or curriculum vitae;
3. (3) A copy of the resume or curriculum vitae of the market analyst’s firm, if any; and

4. (4) If such market study was not prepared in accordance with this part, a statement signed by the market analyst that the market analyst:

   1. (A) Has reviewed and understands this part; and
   2. (B) Will comply with all such guidelines in the preparation of all market studies submitted by the market analyst to the authority.

(c) Approval by the authority to be added to the market study analyst approved list represents only a determination by the authority that the:

1. (1) Submitted materials evidence the capability of the market study analyst to perform market studies; and
2. (2) Market study analyst has reviewed this part and agrees to prepare all market studies that are to be submitted as part of an application for housing tax credits in accordance with this part.

(d)

1. (1) Approval by the authority is not a determination or representation by the authority that market studies performed by a market analyst on the authority-approved market study analyst list will be accepted by the authority.
2. (2) Market studies not in compliance with this part are subject to rejection and accordingly cause the application to be rejected from further consideration for an award of housing tax credits.