California Code of Regulations › Title 4 - Business Regulations › Division 16 - California Passenger Rail Financing Commission › Article 1 - Definitions › Section 10201 - Terms

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
The words and terms defined in Sections
				  92010
				  through
				  92017 of
				  the Government Code shall have the same meaning when used in these Regulations.
				  The following additional terms shall be used in the manner described
				  below:
(a) "Act" means the California
				Passenger Rail Financing Commission Act, Title 11, commencing with Section
				92000 et seq., of the Government
				Code.
(b) "Applicant" is any party
				which has submitted to the Commission a Letter of Intent and/or an Application
				or an Application for financing pursuant to these regulations to aid and assist
				in the development of a rapid train transportation system within the
				State.
(c) "Commission Member"
				means the members appointed by the Governor, the Senate Rules Committee, and
				the Speaker of the Assembly, and the State Treasurer.
(d) "Commission Fund" means the California
				Passenger Rail Financing Commission Fund.
(e) "Bonds" means any negotiable bonds,
				notes, debentures, refunding bonds, or other securities which the Commission is
				authorized to issue pursuant to the Act.
(f) "Preliminary Application" means a request
				for financial assistance described by the Act, and supporting documents,
				submitted to the Commission by an Applicant in support of a request for an
				Initial Resolution.
(g)
				"Application for Financing" means the additional information describing the
				financing, as well as the necessary financing documents when available,
				required by and submitted to the Commission in support of a request for a Final
				Resolution, after the Commission has adopted an Initial Resolution.
(h) "Initial Resolution." A resolution
				adopted by the Commission indicating the intent of the Commission to provide
				financing for a project, provided that the Application meets all of the
				Commission's standards and requirements for approval. The Initial Resolution
				does not obligate the Commission to complete the financing of a
				project.
(i) "Final Resolution"
				means a resolution adopted by the Commission to provide for the issuance of the
				bonds in accordance with Section
				92256 of the Act. The resolution
				shall include the provisions required by the Act, and in addition shall include
				a specific date by which time all indebtedness authorized by the Final
				Resolution must be issued, which date may be extended by the
				Commission.
(j) "Fee." A Fee is a
				payment required by the Commission from an Applicant for the review of a Letter
				of Intent, submission and/or an Application and Application for
				Financing.
(k) "Letter of Intent"
				means the written commitment of an Applicant to provide the Commission with
				required information, indemnify the Commission from all liability and to fund
				the cost of processing by the Commission of an Application and Application for
				Financing.
(l) "Start-up costs."
				Those necessary costs of the Commission and the Treasurer's office incurred
				prior to the submission of a Letter of Intent by any Applicant, which do not
				include costs specifically attributable to any individual Applicant.
1. New Chapter
				  16 (Sections
				  10201-10205) filed 4-25-86;
				  effective thirtieth day thereafter (Register 86, No. 17).
Note: Authority cited: Section
					 92107,
					 Government Code. Reference: Sections
					 92000,
					 92101,
					 92150,
					 92151,
					 92250,
					 92256 and
					 92304,
					 Government Code.