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.Cal. Code Regs. Tit. 4, § 10201
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.
1. New Chapter 16 (Sections 10201-10205) filed 4-25-86; effective thirtieth day thereafter (Register 86, No. 17).