§ 10091.18. Interest Rate Buy-Down Disbursement.
4 CA ADC § 10091.18Barclays Official California Code of RegulationsEffective: April 15, 2024
Effective: April 15, 2024
4 CCR § 10091.18
§ 10091.18. Interest Rate Buy-Down Disbursement.
(c) The Authority shall adopt and may revise the IRBD term sheet by resolution of the Authority's governing board only to the extent necessary to conform to the criteria specified by the funding source. The Authority will publish the IRBD term sheet on its website and notify the interested parties list described in Section 10091.17(a)(1).
(d) Any PFI or PFL that wishes to participate in an IRBD campaign shall submit a signed IRBD term sheet agreeing to the terms and processes outlined therein. Participation shall be subject to the PFI or PFL's ability to comply with the terms of the IRBD campaign. The Authority's decision regarding participation shall be final. The Authority will notify the PFI or PFL of its decision and provide a Program Participation ID for the PFI or PFL.
Credits
Note: Authority cited: Section 26009, Public Resources Code. Reference: Sections 26003(a)(3)(A), 26003(a)(6), 26003(a)(8)(A), 26011(d) and 26040, Public Resources Code.
History
1. Renumbering of former section 10091.17 to new section 10091.18, including amendment of subsection (c), filed 4-15-2024 as an emergency; operative 4-15-2024 (Register 2024, No. 16). A Certificate of Compliance must be transmitted to OAL by 10-14-2024 or emergency language will be repealed by operation of law on the following day.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 4, § 10091.18, 4 CA ADC § 10091.18
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