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 5050 - Performance Deposit Requirements

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  Applications for Qualified Private Activity Bonds shall include evidence of a
				  performance deposit equal to one-half of one percent (.5%) of the Allocation
				  requested, not to exceed $100,000 made payable to the Applicant, except that
				  for Qualified Residential Rental Projects, an Applicant shall provide the
				  evidence of a performance deposit within 20 calendar days following an award of
				  an Allocation.
1. New
					 article 5 (sections
					 5050-5056) and 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					 be transmitted to OAL by 1-10-2011 or emergency language will be repealed by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 article 5 (sections
					 5050-5056) and 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					 transmitted to OAL by 4-6-2011 or emergency language will be repealed by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 article 5 (sections
					 5050-5056) and 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					 transmitted to OAL by 7-5-2011 or emergency language will be repealed by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 and amendment of subsection
					 (b), transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register 2011, No.
					 26).
5. Amendment of subsection (a) 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					 be transmitted to OAL by 6-13-2017 or emergency language will be repealed by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.
6. Amendment of subsection
					 (a) 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.
7. 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).
8. Amendment of subsection (a) filed
					 10-13-2017; operative 10-13-2017 pursuant to Government Code section
					 11343.4(b)(3)
					 (Register 2017, No. 41).
9. Amendment of subsection (a) 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.
10. Refiling of 2-1-2021 order on 12-3-2021 as an emergency;
					 operative 12-3-2021 (Register 2021, No. 49). A Certificate of Compliance must
					 be transmitted to OAL by 3-3-2022 or emergency language will be repealed by
					 operation of law on the following day.
11. Certificate of Compliance
					 as to 12-3-2021 order transmitted to OAL 4-11-2022 and filed 5-23-2022
					 (Register 2022, No. 21).
Note: Authority cited: Section
						8869.94, Government Code.
						Reference: Sections
						8869.84(c)
						and
						8869.84(e),
						Government Code.