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§ 11007. Fees.

4 CA ADC § 11007Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 4. Business Regulations
Division 17. California Tax Credit Allocation Committee Regulations Implementing the Federal and State Low-Income Housing Tax Credit Laws
Chapter 2. Farm Workers Housing Assistance Program
4 CCR § 11007
§ 11007. Fees.
Currentness
(a) Application fee. Every applicant shall be required to pay an application filing fee of $1,000.00. The fee shall be by cashier's check made payable to the Committee and shall be submitted with the application. The fee is non refundable.
(b) Compliance monitoring fee. The Committee shall charge a non-refundable fee of $300 per unit; or, for dormitory style housing up to one-bedroom units, a $50 per bed fee to cover the costs of compliance monitoring throughout the extended use period. Payment of the fee shall be made prior to the issuance of Credit.
(1) Assessment of a lesser fee and any alternative timing for the payment of the fee may be approved by the Committee. Financial hardship as a basis for reduction or waiver of fees is not allowable.
(2) Nothing in this subsection shall preclude the Committee from charging an additional fee to cover the costs of any compliance monitoring required; but, an additional fee shall not be required prior to the end of the first 10 years of the compliance period.

Credits

Note: Authority cited: Section 50199.56, Health and Safety Code. Reference: Section 50199.55(a), Health and Safety Code; and Section 23608.2(i), Revenue and Taxation Code.
History
1. New section filed 9-29-98; operative 9-29-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 40).
This database is current through 4/12/24 Register 2024, No. 15.
Cal. Admin. Code tit. 4, § 11007, 4 CA ADC § 11007
End of Document