California Code of Regulations › Title 4 - Business Regulations › Division 9.5 - California Debt Limit Allocation Committee › Chapter 8 - Student Loan Programs › Article 1 - Definitions › Section 5450 - Definitions

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
In addition to the definitions set forth in Government Code
					 section
					 8869.82
					 and unless otherwise required by the context, the following terms as used in
					 this chapter are defined as follows:
"CEFA" means the California Educational Facilities
					 Authority.
"Direct Lender" means an entity that originates loans
					 directly to eligible borrowers in the state and does not include loans made for
					 the purpose of consolidating or otherwise combining existing student
					 loans.
"Program Sponsor" means a California nonprofit corporation
					 organized pursuant to section
					 150(d) of the
					 Internal Revenue Code of 1986, as amended, that possesses the authority to
					 directly or indirectly make or finance student loans under the Higher Education
					 Act of 1965, as amended, or a state agency.
"Student Loan Application" means the Application titled
					 "Application for an Allocation of the State Ceiling on Qualified Private
					 Activity Bonds for a Student Loan Program" (revised 11-30-18), which is hereby
					 incorporated by reference.
"Student Loan Self Scoring Sheet" means the document
					 provided in the Application for a Student Loan Program.
1. New
					 chapter 7 (articles 1-3, sections
					 5450-5470), article 1 (section
					 5450) and section filed 7-29-2010
					 as an emergency; operative 7-29-2010 (Register 2010, No. 31). A Certificate of
					 Compliance must be transmitted to OAL by 1-25-2011 or emergency language will
					 be repealed by operation of law on the following day.
2. New chapter
					 7 (articles 1-3, sections
					 5450-5470), article 1 (section
					 5450) and section refiled 1-6-2011
					 as an emergency; 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					 repealed by operation of law on the following day.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 chapter 7
					 (articles 1-3, sections
					 5450-5470), article 1 (section
					 5450) and section refiled 4-1-2011
					 as an emergency; 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					 repealed by operation of law on the following day.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 amendment of section, transmitted to
					 OAL 6-2-2011 and filed 7-1-2011 (Register 2011, No. 26).
5.
					 Renumbering of former chapter 7 to chapter 8 filed 12-21-2012 as an emergency
					 pursuant to Government Code section
					 8869.94;
					 operative 12-21-2012 (Register 2012, No. 51). A Certificate of Compliance must
					 be transmitted to OAL by 6-19-2013 or emergency language will be repealed by
					 operation of law on the following day.
6. Certificate of Compliance
					 as to 12-21-2012 order transmitted to OAL 5-23-2013 and filed 7-8-2013
					 (Register 2013, No. 28).
7. Amendment of definition of "Student Loan
					 Application" 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.
8. Amendment of definition of
					 "Student Loan Application" 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.
9. 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).
10. Amendment of definition of "Student
					 Loan Application" filed 10-13-2017; operative 10-13-2017 pursuant to Government
					 Code section
					 11343.4(b)(3)
					 (Register 2017, No. 41).
11. Change without regulatory effect
					 amending definition of "Student Loan Application" filed 1-16-2019 pursuant to
					 section 100, title 1, California Code of
					 Regulations (Register 2019, No. 3).
Note: Authority cited: Section
						8869.94,
						Government Code. Reference: Section
						8869.84(c),
						Government Code.