California Debt Limit Allocation Committee definition

California Debt Limit Allocation Committee means the state agency that administers the state’s annual debt limit ceiling and administers the state’s tax-exempt bond program to allocate such bonds to projects. It is also abbreviated as “CDLAC.”
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California Debt Limit Allocation Committee means the entity of the same name organized under the laws of the State of California and operated by the Office of the State Treasurer.
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Examples of California Debt Limit Allocation Committee in a sentence

  • All applicants requesting Tax Credits for projects financed with tax-exempt bonds shall apply simultaneously to the California Debt Limit Allocation Committee (CDLAC) and CTCAC and shall use the CDLAC- TCAC Joint Application.

  • The terms and conditions of the senior loan will be in accordance with California Debt Limit Allocation Committee (CDLAC) and TCAC requirements and the requirements of the lending institution specific to the project.

  • The allocation of private activity bond authority needed for the issuance of tax-exempt bonds is secured through the California Debt Limit Allocation Committee (CDLAC).

  • Minimum replacement reserves should be consistent with California Tax Credit Allocation Committee (TCAC), California Debt Limit Allocation Committee (CDLAC), California Department of Housing and Community Development (HCD), and/or California Housing Finance Agency (CalHFA) requirements, as appropriate.

  • In order to issue MCC's the County must apply to the California Debt Limit Allocation Committee (CDLAC) for an MCC allocation.

  • If property is financed with bonds, submit a letter identifying allocation of bonds (for example, California Debt Limit Allocation Committee).

  • Local Funding Sources Mortgage Credit CertificatesThe California Debt Limit Allocation Committee is responsible for allocating Mortgage Credit Certificates (MCC).

  • Unless otherwise specified by CDLAC, the address of CDLAC is: California Debt Limit Allocation Committee 000 Xxxxxxx Xxxx, Xxxx 000 Xxxxxxxxxx, XX 00000 Attention: Executive Director The Issuer, the Administrator, CDLAC and the Borrower may, by notice given hereunder, designate any further or different addresses to which subsequent notices, certificates or other communications shall be sent.

  • The adoption of a bond inducement resolution also authorizes staff to work with a selected financing team (Financial Advisor and Bond Counsel) to determine the feasibility of the financing, structure a proposal for the issuance of bonds, and submit an application to the California Debt Limit Allocation Committee (CDLAC) for an allocation of bond issuing authority.

  • Unless otherwise specified by CDLAC, the address of CDLAC is: California Debt Limit Allocation Committee 000 Xxxxxxx Xxxx, Xxxx 000 Xxxxxxxxxx, XX 00000 Attention: Executive Director The Governmental Lender, the Administrator, CDLAC and the Borrower may, by notice given hereunder, designate any further or different addresses to which subsequent notices, certificates or other communications shall be sent.

Related to California Debt Limit Allocation Committee

  • Compensation Committee means the Compensation Committee of the Board.

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Audit Committee or Committee means Committee of Board of Directors of the Company constituted under provisions of Listing agreement and Companies Act, 2013.

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.