Cal. Code Regs. Tit. 4, § 8036 - Notice of Fees

(a) The Authority shall mail notice to each applicant within thirty days of the effective date of this regulation setting out the fee chargeable pursuant to Section 8035. Thereafter, the Authority shall mail notice to each applicant when the Authority adopts its final resolution authorizing the sale of bonds for financing the applicant's project. If the applicant believes federal tax law provisions mandate a lower fee than that noticed by the Authority, it shall submit, no less than five days before the closing of the bond sale, an opinion of approved bond counsel setting out the maximum, allowable fee. The Authority shall charge the fee set out in the opinion.

(b) If bonds issued by the Authority bear a variable interest rate, the Authority may collect the fee in installments. The first installment shall be based on the maximum fee allowable under federal tax law provisions assuming the bonds bear the maximum interest rate provided for by the bonds. Further installments shall be payable at the discretion of the Authority when actual interest rates on the bonds can be determined.

Notes

Cal. Code Regs. Tit. 4, § 8036

1. Change without regulatory effect renumbering former Section 8036 to Section 8037 and new Section 8036 filed 7-3-86; effective upon filing pursuant to Government Code Section 11346.2(d) (Register 86, No. 27).
2. Amendment of subsection (b) filed 12-23-98; operative 12-23-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 52).

Note: Authority cited: Section 44520, Division 27, Health and Safety Code. Reference: Section 44548, Division 27, Health and Safety Code.

1. Change without regulatory effect renumbering former Section 8036 to Section 8037 and new Section 8036 filed 7-3-86; effective upon filing pursuant to Government Code Section 11346.2(d) (Register 86, No. 27).
2. Amendment of subsection (b) filed 12-23-98; operative 12-23-98 pursuant to Government Code section 11343.4(d) (Register 98, No. 52).