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§ 5480.4. Application and Request Process.

10 CA ADC § 5480.4Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 10. Investment
Chapter 7.72. Rural Investment Tax Exemption
10 CCR § 5480.4
§ 5480.4. Application and Request Process.
(a) The CIEDB Board shall establish the date of the CIEDB Board meeting for Applications and Requests to be considered at the beginning of each calendar year. CIEDB shall provide notice of this meeting via the mail to individuals on its Interested Parties List, post on the CIEDB Website, and file an advertisement in the California Regulatory Notice Register at least 30 days prior to the application deadline. Any person may be placed on the Interested Parties List by notifying the CIEDB Board.
(b) The deadline for all Applications and Requests shall be 60 days prior to the established CIEDB Board meeting. All Applications and Requests must be postmarked at least 60 calendar days prior to the CIEDB Board meeting designated in subsection (a).
(c) If the Application or Request is either incomplete or does not document intent to meet the requirements of an Eligible Entity, the CIEDB Board shall send a written notice of deficiency not later than 15 days from the date the Application is received by the CIEDB Board. The notice of deficiency shall state what items in the Application or Request must be corrected to be complete and/or document intent to be an Eligible Entity. The Applicant will have ten calendar days to submit to the CIEDB Board written correction to the deficiency,
(d) An Application shall be considered complete if it is postmarked by the deadline provided in subsection (b), complies with Section 5480.2 and if applicable, complies with the provisions in subsection (c) of this section. A Request shall be considered complete if it is postmarked by the deadline provided in subsection (b), complies with Section 5480.3, and if applicable, complies with the provisions in subsection (c) of this section.
(e) CIEDB Board staff shall recommend approval of all complete Applications and Requests, and recommend disapproval of incomplete Applications or Requests unless all of the deficiencies are corrected within the timeframe specified in subsection (c).
(f) The CIEDB Board shall adopt a resolution for each applicant approved as an Eligible Entity and execute an Eligibility Letter. The Eligibility Letter shall remain valid until and unless the CIEDB Board issues an Intent of Revocation Letter.

Credits

Note: Authority cited: Section 11152, Government Code; and Section 6378.1, Revenue and Taxation Code. Reference: Section 6378.1, Revenue and Taxation Code.
History
1. New section filed 8-15-2002; operative 9-14-2002 (Register 2002, No. 33).
This database is current through 4/19/24 Register 2024, No. 16.
Cal. Admin. Code tit. 10, § 5480.4, 10 CA ADC § 5480.4
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