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§ 8131. Definitions.

4 CA ADC § 8131Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 11. California Pollution Control Financing Authority (Refs & Annos)
Article 12. Rate Reduction Bonds
4 CCR § 8131
§ 8131. Definitions.
The following definitions shall govern construction of this Article 12.
(a) “Application” means an application submitted by an Issuer Applicant to the Authority for review of its proposed Rate Reduction Bonds issuance.
(b) “Authority” means the California Pollution Control Financing Authority.
(c) “Conservation or Reclamation Purposes” is defined in Section 6585(d) of the Government Code.
(d) “Financing Costs” is defined in Section 6585(g) of the Government Code.
(e) “Issuer Applicant” means an entity created pursuant to Article 1, Chapter 5, Division 7, Title 1 of the Government Code (commencing with Section 6500) whose financing activities are limited to financing or refinancing. Utility Projects and projects for the use or benefit of public water or wastewater agencies and which applies to the Authority for review and approval of an issuance of Rate Reduction Bonds.
(f) “Legislative Body” is defined in Section 6585(i) of the Government Code.
(g) “Local Agency” is defined in Section 6585(j) of the Government Code.
(h) “Local Agency Applicant” means a Local Agency that owns and operates a Publicly Owned Utility and which applies to an Issuer Applicant to finance or refinance costs of a Utility Project for the Publicly Owned Utility with the proceeds of Rate Reduction Bonds and whose senior lien unenhanced revenue bonds payable from revenues of the Publicly Owned Utility are, or upon issuance would be, rated not lower than Baa3 by Moody's Investors Service, BBB- by Standard & Poor's Ratings Services, or BBB- by Fitch Ratings, Inc.
(i) “Mandate” is defined in Section 6585(k) of the Government Code.
(j) “Mandating Entity” is defined in Section 6585(l) of the Government Code.
(k) “Publicly Owned Utility” is defined in Section 6585(o) of the Government Code.
(l) “Rate Reduction Bonds” mean bonds that are issued by an Issuer Applicant, the proceeds of which are used directly or indirectly to pay or reimburse a Local Agency or its Publicly Owned Utility for the payment of the costs of a Utility Project, to refund rate reduction bonds, or to refinance water or wastewater revenue bonds of a Local Agency or Publicly Owned Utility issued to finance a Utility Project, (6585(p)) and that are secured by a pledge of, and are payable from, Utility Project Property as provided in Government Code Section 6588.7.
(m) “Utility Project” is defined in Section 6585(r) of the Government Code.
(n) “Utility Project Charge” is defined in Section 6585(s) of the Government Code.
(o) “Utility Project Property” is defined in Section 6585(t) of the Government Code.


Note: Authority cited: Sections 6588.7(b)(3) and 6588.7(b)(7), Government Code. Reference: Sections 6585 and 6588.7, Government Code.
1. New section filed 11-10-2014 as an emergency; operative 11-10-2014 (Register 2014, No. 46). A Certificate of Compliance must be transmitted to OAL by 5-11-2015 or emergency language will be repealed by operation of law on the following day.
2. Repealed by operation of Government Code section 11346.1(g) (Register 2015, No. 20).
3. New section refiled 5-19-2015 as an emergency; operative 5-19-2015 (Register 2015, No. 21). A Certificate of Compliance must be transmitted to OAL by 8-17-2015 or emergency language will be repealed by operation of law on the following day.
4. Certificate of Compliance as to 5-19-2015 order transmitted to OAL 7-28-2015 and filed 9-8-2015 (Register 2015, No. 37).
5. Change without regulatory effect amending subsections (e), (h) and (l) and amending Note filed 3-19-2020 pursuant to section 100, title 1, California Code of Regulations (Register 2020, No. 12).
This database is current through 6/28/24 Register 2024, No. 26.
Cal. Admin. Code tit. 4, § 8131, 4 CA ADC § 8131
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