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§ 6010. Reporting Requirements.

4 CA ADC § 6010Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 9.6. California Debt and Investment Advisory Commission
Chapter 1. General Provisions
Article 2. Report of Proposed Debt Issuance
4 CCR § 6010
§ 6010. Reporting Requirements.
The Issuer shall furnish or cause to be furnished in the Report of Proposed Debt Issuance the following information:
(a) Name of the entity that is the Issuer of the proposed Debt. If the Issue is structured as a tax and revenue anticipation note pool, the name of each entity of Local Government that is participating in the pool.
(b) Name given to the Debt Issue.
(c) Name given to the project for which the Debt proceeds will be used, if applicable. Include in the name the specific assessment district, housing project, hospital, or project area, if applicable.
(d) Proposed Sale date.
(e) Proposed Principal amount of the Debt Issue.
(f) Information as to whether or not a court action will be sought to validate the legality of the Debt Issue.
(g) Dollar amount of the proposed Principal that is proposed to be used to refund, redeem, pay-down, or refinance other Debt of the Issuer.
(h) Indication if the Issuer intends to meet Debt payment obligations in a currency other than lawful money of the United States of America.
(i) If the proposed Issue is a general obligation Debt of State or Local Government and the authority to issue required voter approval, the date of the election, ballot measure letter or number identifier, total Debt amount authorized by voters, and the amount by which the voter authorized amount will be reduced by the proposed Issue.
(j) Code reference of the California statutory authority under which the Debt will be issued.
(k) Name, job title, address, phone number, and e-mail address of a contact person for the Issuer.
(l) Name of each county in which the Issuer has the authority to issue the Debt, or statewide, if applicable.
(m) Contact information for the person submitting the report including name, job title, agency or firm name, firm's role in the debt issuance, address, telephone number, and e-mail address.
(n) Name and e-mail address of the person representing the filing contact to whom an acknowledgement of the report submission may be sent.
(o) Names of the firms fulfilling the following roles, if applicable, in the issuance of the Debt.
(1) Bond Counsel.
(2) Borrower's Counsel.
(3) Disclosure Counsel.
(4) Financial Advisor.
(5) Lead Underwriter.
(6) Purchaser.
(7) Lender.
(p) Tax treatment, under both state and federal law, of the interest earned by the Creditor. If the interest earned is federally tax-exempt, indication of whether or not the interest earned is a specific preference item for the purpose of alternative minimum tax calculation.
(q) Indication as to whether the Issuer has chosen a Competitive Sale or Negotiated Sale method.
(r) Indication as to whether or not the Debt will be issued as a Private Placement.
(s) Type of instruments or evidence of indebtedness utilized in the issuance of the Debt.
(t) Primary source of the funds that are proposed to be used for payment of the Issuer's obligations under the Debt contract.
(u) Purpose(s) for which the money, assets, or rights transferred to the Issuer from the Debt Issue are used, and the approximate percentage of Principal applied to the purposes indicated.

Credits

Note: Authority cited: Section 8855(e), Government Code. Reference: Sections 5922(b), 6588.7(e)(2), 6599.1(a), 8855(h)(3), 8855(i) and 53359.5(a), Government Code; Section 15146(e), Education Code; and Section 20560.2, Water Code.
History
1. New article 2 (sections 6010-6014) and section filed 2-28-2017; operative 4-1-2017 (Register 2017, No. 9).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 4, § 6010, 4 CA ADC § 6010
End of Document