California Government Code CHAPTER 11.8 - California Debt Limit Allocation Committee

• Section 8869.80.
  The Legislature hereby finds and declares all of the following:(a) The Tax Reform Act of 1986 (Public Law 99-514) establishes a volume ceiling on the aggregate...
• Section 8869.81.
  This chapter is enacted to implement the state volume limit established in Section 1301 of the Federal Tax Reform Act of 1986 (Public Law 99-514),...
• Section 8869.82.
  (a) As used in this chapter, unless the context otherwise requires, the terms defined in this section shall have the following meanings:(1) “Committee” means the California Debt...
• Section 8869.83.
  (a) There is in state government the California Debt Limit Allocation Committee, consisting of six members as follows:(1) The Treasurer, or his or her designee.(2) The Controller, or...
• Section 8869.84.
  (a) The committee shall, as soon as is practicable after the start of each calendar year, determine and announce the state ceiling for the calendar year.(b) The...
• Section 8869.85.
  (a) Each state agency shall apply to the committee for allocation of a portion of the state ceiling, supplying any information which the committee may require....
• Section 8869.86.
  (a) Subject to any limitations on transferred private activity bond limit as may be provided in subdivision (d) of Section 8869.85, any state agency or local...
• Section 8869.87.
  The committee may request local agencies and state agencies to provide the committee with information pertaining to the amount and purpose of anticipated future private...
• Section 8869.88.
  The committee may transfer any private activity bond limit directly to any joint powers authority created pursuant to Chapter 5(commencing with Section 6500) of Division...
• Section 8869.89.
  Notwithstanding any other provision of this chapter, the committee may, upon any terms and conditions as it determines, authorize the use of a portion of...
• Section 8869.90.
  (a) The committee may charge fees to the lead underwriter, the bond purchaser, or the bond issuer to cover the committee’s costs in carrying out the...
• Section 8869.91.
  This chapter is intended to provide a full, fair, flexible, and workable means of utilizing the state ceiling available under the Internal Revenue Code, and...
• Section 8869.92.
  To the extent that any provision of this chapter is held to be inconsistent with or repugnant to the federal law, the provision shall be...
• Section 8869.93.
  The Treasurer, or his or her designee, is designated as the state official to certify that an issue of private activity bonds meets the requirements...
• Section 8869.94.
  The committee may adopt, amend, or repeal rules and regulations pursuant to this chapter as emergency regulations in accordance with the rulemaking provisions of the...

Last modified: October 22, 2018