Cal. Code Regs. tit. 4 § 5100

Current through Register 2024 Notice Reg. No. 49, December 6, 2024

Section 5100 - Program Expiration Dates

(a) The expiration date of the Allocation shall be specified in the Committee Resolution and shall start from the date on which the Committee awards the Allocation.

(b) Notwithstanding extensions as provided in sections 5101; the limitations prescribed by section 5104; or Allocations awarded on a carry-forward basis as provided in section 5131; the expiration dates for issuing Bonds or converting Bonds to Mortgage Credit Certificate authority shall be:

(1) One-Hundred Eighty (180) days for the issuance of Beginning Farmer Bonds, Mortgage Revenue Bonds, Small-Issue Industrial Development Bonds, Exempt Facility Bonds, and the conversion of Bonds to Mortgage Credit Certificate authority.

(2) One-hundred twenty (120) days for the issuance of Student Loan Bonds and for the issuance of at least one (1) Mortgage Credit Certificate.

(3) For Qualified Residential Rental Project Bonds, the following expiration dates shall be assigned by the Executive Director within five (5) business days following each Allocation Round:

(i) Projects receiving an allocation shall be assigned an expiration date of one-hundred eighty (180) days, or two-hundred one (201) days, or two-hundred twenty-two (222) days. In the case of hybrid projects, the expiration date shall be the later of the deadline assigned by CDLAC or CTCAC.

(ii) A project's applicant may request an expiration date of less than one-hundred eighty (180) days by submitting a written request to the Executive Director. The request shall be submitted no later than the final posting date for the round in which the project is seeking an allocation.

Cal. Code Regs. Tit. 4, § 5100

Note: Authority cited: Section 8869.94, Government Code. Reference: Sections 8869.84(c), 8869.84(e) and 8869.89, Government Code.

1. New article 8 (sections 5100-5107) 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 A Certificate of Compliance must be transmitted to OAL by 1-10-2011 or emergency language will be repealed by operation of law on the following day.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 8 (sections 5100-5107) 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 8 (sections 5100-5107) 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 section, transmitted to OAL 6-2-2011 and filed 7-1-2011 (Register 2011, No. 26).
5. Amendment filed 11-9-2015 as an emergency pursuant to Government Code section 8869.94; operative 11-9-2015 (Register 2015, No. 46). A Certificate of Compliance must be transmitted to OAL by 5-9-2016 or emergency language will be repealed by operation of law on the following day.
6. Certificate of Compliance as to 2-4-2016 order transmitted to OAL 1-27-2016 and filed 3/10/2016 (Register 2016, No. 11).
7. Editorial correction of History 6 (Register 2016, No. 25).
8. Amendment of subsection (b)(1) filed 10-9-2017 as an emergency; operative 10-9-2017 (Register 2017, No. 41). A Certificate of Compliance must be transmitted to OAL by 4-9-2018 or emergency language will be repealed by operation of law on the following day.
9. Amendment of subsection (b)(1) refiled 4-9-2018 as an emergency; operative 4-9-2018 (Register 2018, No. 15). A Certificate of Compliance must be transmitted to OAL by 7-9-2018 or emergency language will be repealed by operation of law on the following day.
10. Amendment of subsection (b)(1) refiled 7-2-2018 as an emergency; operative 7/2/2018 (Register 2018, No. 27). A Certificate of Compliance must be transmitted to OAL by 10-1-2018 or emergency language will be repealed by operation of law on the following day.
11. Certificate of Compliance as to 7-2-2018 order transmitted to OAL 8-9-2018 and filed 9/21/2018 (Register 2018, No. 38).
12. Change without regulatory effect amending subsection (b)(1) filed 1-16-2019 pursuant to section 100, title 1, California Code of Regulations (Register 2019, No. 3).
13. Repealer of subsection (b)(3)(i), subsection renumbering and amendment of newly designated subsection (b)(3)(i) filed 11-4-2019 as an emergency; operative 11/4/2019 (Register 2019, No. 45). A Certificate of Compliance must be transmitted to OAL by 5-4-2020 or emergency language will be repealed by operation of law on the following day.
14. Repealer of subsection (b)(3)(i), subsection renumbering and amendment of newly designated subsection (b)(3)(i) refiled 5-26-2020 as an emergency; operative 7/6/2020 (Register 2020, No. 22). A Certificate of Compliance must be transmitted to OAL by 10-5-2020 or emergency language will be repealed by operation of law on the following day.
15. Emergency filed 5-26-2020 extended 60 days (Executive Order N-40-20) (Register 2020, No. 22). A Certificate of Compliance must be transmitted to OAL by 12-5-2020 or emergency language will be repealed by operation of law on the following day.
16. Amendment of subsection (b)(1) 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 (b)-(b)(1) filed 5-10-2021 as an emergency; operative 5/10/2021 (Register 2021, No. 20). Emergency expiration extended 60 calendar days pursuant to Executive Order N-40-20 plus an additional 60 calendar days pursuant to Executive Order N-71-20. A Certificate of Compliance must be transmitted to OAL by 3-8-2022 or emergency language will be repealed by operation of law on the following day.
18. 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.
19. Certificate of Compliance as to 12-3-2021 order transmitted to OAL 4-11-2022 and filed 5/23/2022 (Register 2022, No. 21).
20. Amendment of subsections (b)(3) and (i) 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.
21. Amendment of subsections (b)(3) and (i) 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.
22. Certificate of Compliance as to 2-9-2023 order, including further amendment of subsection (b)(3)(i), 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).
23. Amendment of subsections (b) and (b)(3)(i) filed 9-26-2024; operative upon adoption by the California Debt Limit Allocation Committee on 8/6/2024 pursuant to Government Code section 8869.94(c). Submitted to OAL for filing and printing only pursuant to Government Code section 11343.8 (Register 2024, No. 39).