California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 1 - General Provisions › Article 5 - Performance Deposits and Fees › Section 5054 - Filing Fees

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
Each Applicant shall submit a filing fee in an amount equal
					 to the product of the amount of Allocation actually used to issue Bonds, or
					 Mortgage Credit Certificates multiplied by .00035. The payment of the fee shall
					 be in two installments as follows:
(a)
				  Initial filing fee in the amount of $1,200 shall accompany the filing of an
				  Application to cover the Committee's costs associated with reviewing
				  Applications. This portion of the filing fee shall not be refundable under any
				  circumstances but shall be credited against the total filing fee.
(b) Initial filing fee for supplemental
				  awards in the amount of $600 shall accompany the filing of an Application to
				  cover the Committee's reasonable costs associated with reviewing Applications.
				  This portion of the filing fee shall not be refundable under any circumstances
				  but shall be credited against the total filing fee.
(c) Initial filing fee for Difficult
				  Development Area/Qualified Census Tract (DDA/QCT) designation retention in the
				  amount of $1,200 shall accompany the filing of an Application to cover the
				  Committee's reasonable costs associated with reviewing Applications. This
				  portion of the filing fee shall not be refundable under any
				  circumstances.
(d) Second
				  installment of Filing Fee. The second installment of the filing fee shall be
				  due within thirty (30) days after Bond issuance or issuance of the first
				  Mortgage Credit Certificate. The Committee shall issue an invoice in
				  conjunction with the Committee Resolution transferring the Allocation to the
				  Applicant. The amount of the second installment of the filing fee is the
				  product of the amount of Allocation used to issue Bonds or convert to Bond to
				  Mortgage Credit Certificate authority multiplied by .00035, less the fee paid
				  pursuant to subdivision (a) of this section.
(e) If the second filing fee is not received
				  within thirty (30) days, the Committee shall instruct the Applicant to remit
				  the amount due from the performance deposit maintained by the Applicant
				  specifically for the Project or program that was awarded Allocation pursuant to
				  section 5050.
(f) Applications for Allocation for Exempt
				  Facility Projects shall not be charged supplemental filing fees when applicants
				  seek to move the hearing date for allocation later in the calendar year, as
				  long as there are not material changes in the project or financing structure of
				  the application.
1. New
					 section filed 7-12-2010 as an emergency pursuant to Government Code section
					 8869.94;
					 operative 7-12-2010 (Register 2010, No. 29). A Certificate of Compliance must
					 be transmitted to OAL by 1-10-2011 or emergency language will be repealed by
					 operation of law on the following day.
2. New section refiled
					 1-6-2011 as an emergency pursuant to Government Code section
					 8869.94;
					 operative 1-6-2011 (Register 2011, No. 1). A Certificate of Compliance must be
					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by
					 operation of law on the following day.
3. New section refiled
					 4-1-2011 as an emergency pursuant to Government Code section
					 8869.94;
					 operative 4-6-2011 (Register 2011, No. 13). A Certificate of Compliance must be
					 transmitted to OAL by 7-5-2011 or emergency language will be repealed by
					 operation of law on the following day.
4. Certificate of Compliance
					 as to 4-1-2011 order, including new section heading, repealer and new section
					 and amendment of NOTE, transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register
					 2011, No. 26).
5. Amendment of subsection (b) filed 12-9-2011 as an
					 emergency; operative 12-9-2011 (Register 2011, No. 49). A Certificate of
					 Compliance must be transmitted to OAL by 6-6-2012 or emergency language will be
					 repealed by operation of law on the following day.
6. Amendment of
					 subsection (b) refiled 6-1-2012 as an emergency; operative 6-1-2012 (Register
					 2012, No. 22). A Certificate of Compliance must be transmitted to OAL by
					 8-30-2012 or emergency language will be repealed by operation of law on the
					 following day.
7. Amendment of subsection (b) refiled 8-29-2012 as
					 an emergency; operative 8-29-2012 (Register 2012, No. 35). A Certificate of
					 Compliance must be transmitted to OAL by 11-27-2012 or emergency language will
					 be repealed by operation of law on the following day.
8. Certificate
					 of Compliance as to 8-29-2012 order transmitted to OAL 11-26-2012 and filed
					 1-8-2013 (Register 2013, No. 2).
9. Amendment of subsection (a) and
					 new subsection (b) and subsection relettering filed 12-15-2016 as an emergency
					 pursuant to Government Code section
					 8869.94;
					 operative 12-15-2016 (Register 2016, No. 51). A Certificate of Compliance must
					 be transmitted to OAL by 6-13-2017 or emergency language will be repealed by
					 operation of law on the following day.
10. Amendment of subsection
					 (a) and new subsection (b) and subsection relettering refiled 5-30-2017 as an
					 emergency pursuant to Government Code section
					 8869.94;
					 operative 6-14-2017 (Register 2017, No. 22). A Certificate of Compliance must
					 be transmitted to OAL by 9-12-2017 or emergency language will be repealed by
					 operation of law on the following day.
11. Reinstatement of section
					 as it existed prior to 12-15-2016 emergency amendment by operation of
					 Government Code section
					 11346.1(f)
					 (Register 2017, No. 38).
12. Amendment of subsection (a), new
					 subsection (b) and subsection relettering filed 10-13-2017; operative
					 10-13-2017 pursuant to Government Code section
					 11343.4(b)(3)
					 (Register 2017, No. 41).
13. Amendment of subsection (a) filed
					 12-1-2017 as an emergency; operative 12-1-2017 (Register 2017, No. 48). A
					 Certificate of Compliance must be transmitted to OAL by 5-30-2018 or emergency
					 language will be repealed by operation of law on the following
					 day.
14. Amendment of subsection (a) refiled 5-25-2018 as an
					 emergency; operative 5-31-2018 (Register 2018, No. 21). A Certificate of
					 Compliance must be transmitted to OAL by 8-29-2018 or emergency language will
					 be repealed by operation of law on the following day.
15.
					 Certificate of Compliance as to 5-25-2018 order transmitted to OAL 8-9-2018 and
					 filed 9-21-2018 (Register 2018, No. 38).
16. New subsection (e)
					 filed 2-1-2021 as an emergency pursuant to Governmental Code section
					 8869.94; operative 2-1-2021.
					 Emergency expiration extended 60 days (Executive Order N-40-20) plus an
					 additional 60 days (Executive Order N-71-20) (Register 2021, No. 6). A
					 Certificate of Compliance must be transmitted to OAL by 11-30-2021 or emergency
					 language will be repealed by operation of law on the following
					 day.
17. Amendment of subsections (a)-(b), new subsection (c) and
					 subsection relettering filed 8-1-2022 as an emergency; operative 8-1-2022
					 (Register 2022, No. 31). A Certificate of Compliance must be transmitted to OAL
					 by 1-30-2023 or emergency language will be repealed by operation of law on the
					 following day.
18. Amendment of subsections (a)-(b), new subsection
					 (c) and subsection relettering refiled 2-9-2023 as an emergency; operative
					 2-9-2023 (Register 2023, No. 6). A Certificate of Compliance must be
					 transmitted to OAL by 5-10-2023 or emergency language will be repealed by
					 operation of law on the following day.
19. Certificate of Compliance
					 as to 2-9-2023 order, including further amendment of section, transmitted to
					 OAL 4-18-2023 and filed 5-31-2023; amendments effective 5-31-2023 pursuant to
					 Government Code section
					 11343.4(b)(3)
					 (Register 2023, No. 22).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Sections
						8869.84(c)
						and
						8869.90,
						Government Code.