California Code of Regulations › Title 4 - Business Regulations › Division 9.6 - California Debt and Investment Advisory Commission › Chapter 1 - General Provisions › Article 6 - Reporting for Marks-Roos Bonds › Section 6051 - Marks-Roos Yearly Fiscal Status Report Requirements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Submission of the Marks-Roos Yearly Fiscal Status Report
					 shall be required if the proceeds of the Authority bonds, all or in part, were
					 used to acquire Local Obligations or transferred to a Local Obligor under the
					 terms of a Debt contract between the Authority and Local Obligor, and any bonds
					 are Outstanding during the Reporting Year. The information submitted shall
					 conform to the following specific requirements.
(a) All information shall be reported as of
				  the end of the Reporting Year immediately prior to the date established for
				  timely submission under Government Code section
				  6599.1(b)
				  unless otherwise specified in law or specifically provided for in this
				  section.
(b) The information
				  required under Government Code section
				  6599.1(b)(3)
				  regarding Costs of Issuance shall be provided on the initial submission of the
				  Marks-Roos Yearly Fiscal Status Report only.
(c) The information required under Government
				  Code section
				  6599.1(b)(3)
				  regarding On Going Fees shall be reported on an annual basis for each Reporting
				  Year.
(d) The information required
				  under Government Code section
				  6599.1(b)(4)
				  regarding Administrative Fees shall be reported on an annual basis for each
				  Reporting Year.
(e) The information
				  required under Government Code section
				  6599.1(b)(5)
				  regarding Administrative Fees shall be reported on an annual basis for each
				  Reporting Year and include, for each Local Obligation, the name of the Local
				  Obligor, the corresponding amount of the Local Obligation, and the
				  Administrative Fee charged.
(f) The
				  information required under Government Code sections
				  6599.1(b)(6)
				  and
				  6599.1(b)(7)
				  regarding interest earnings and payment of commissions and fees on guaranteed
				  investment contracts shall be reported on an annual basis for each Reporting
				  Year.
(g) The information required
				  under Government Code section
				  6599.1(b)(6)
				  regarding the terms of guaranteed investment contracts shall include each
				  contract's maturity and other related and applicable terms including, but not
				  limited to, prematurity liquidity, collateralization, and credit ratings and
				  downgrades.
(h) If the bond Issue
				  has been Retired during the Reporting Year, information shall be supplied that
				  establishes compliance with the requirements of Government Code section
				  6599.1(b)
				  and this Section, including the date Retired status was achieved.
(i) The information required under Government
				  Code section
				  6599.1(b)(8)
				  regarding the Delinquency Rates shall be reported for each Local
				  Obligation.
(j) Information shall
				  be provided to establish the legitimacy of the individual and organization
				  submitting the Marks-Roos Yearly Fiscal Status Report including the person
				  providing the submission; the person's telephone number and email address; and
				  the person's firm or agency name and address.
1. New
					 section filed 2-28-2017; operative 4-1-2017 (Register 2017, No. 9).
Note: Authority cited: Section
						8855(e),
						Government Code. Reference: Section
						6599.1(b),
						Government Code.