Table of Contents

Chapter 1. General Bond Program Provisions ...........................................................................................................6 § 5000. Definitions..............................................................................................................................................6 § 5001. Annual Bond Program Announcements; Administration. .................................................................. 11 § 5002. Eligible Applicants. .............................................................................................................................. 12 § 5003. Minimum Application Requirements and Procedures. ...................................................................... 13 § 5004. Application Ranking and Award Recommendations. ......................................................................... 14 § 5005. Application Deficiencies and Appeals ................................................................................................. 14 § 5006. Performance Deposit Requirements. ................................................................................................. 16 § 5007. Minimum Bond Sale Structure Requirements. ................................................................................... 17 § 5008. Private Placement Sales. ..................................................................................................................... 17 § 5009. Limited Offering and Public Offering Bond Sales. .............................................................................. 17 § 5010. Committee Resolutions; Use of State Ceiling Allocations; Allocation Expiration. .............................. 18 § 5011. Carryforward Allocations. ................................................................................................................... 19 § 5012. Notification of Bond Issue and Report of Action Taken. .................................................................... 19 § 5013. Annual Applicant Public Benefits and On-Going Compliance Self Certification. ................................ 20 § 5014. Certification of Compliance. ............................................................................................................... 21 § 5015. Disqualification. .................................................................................................................................. 22 ................................................................................................... 23 Chapter 2. Qualified Residential Rental Projects § 5100. Definitions........................................................................................................................................... 23 § 5101. Announcement of Qualified Residential Rental Project Pools, Set-Asides, and Minimum Points. .... 27 § 5102. QRRP Application Procedures and Requirements. ............................................................................. 28 § 5103. Additional Requirements for Acquisition/Rehabilitation Projects. .................................................... 31 § 5104. Additional Requirements for Scattered Site Applications. ................................................................. 32 § 5105. Application Evaluation and Points. ..................................................................................................... 33 § 5106. Ranking. .............................................................................................................................................. 38 § 5107. QRRP Program Requirements. ............................................................................................................ 43 § 5108. Bond Allocation Limits and Issuance Deadline Extensions ................................................................. 45 § 5109. Supplemental Allocation Process. ...................................................................................................... 46 § 5110. Open Application Process for Projects assisted by HUD. ................................................................... 46 § 5111. Expiring Projects in Difficult Development Areas or Qualified Census Tracts. ................................... 47

9. Supplemental Allocation Process. ...................................................................................................... 46 § 5110. Open Application Process for Projects assisted by HUD. ................................................................... 46 § 5111. Expiring Projects in Difficult Development Areas or Qualified Census Tracts. ................................... 47

§ 5112. Post-Issuance Compliance. ................................................................................................................. 48 Chapter 3. Single Family Housing ........................................................................................................................... 49 Article 1.Definitions ............................................................................................................................................. 49 § 5260. Definitions........................................................................................................................................... 49 Article 2. Eligibility Requirements ....................................................................................................................... 50 § 5265. Application Process............................................................................................................................. 50 § 5266. Participation Goals. ............................................................................................................................. 50 § 5267. Consistency with Adopted Housing Elements. ................................................................................... 51 § 5268. Mortgage Revenue Bond Eligibility. ................................................................................................... 51 § 5269. Mortgage Credit Certificate Eligibility. ............................................................................................... 52 § 5270. Exceptions to Minimum Requirements. ............................................................................................. 52 § 5271. Allocation Method. ............................................................................................................................. 52 § 5273. Income and Purchase Price Certification. ........................................................................................... 52 Article 3. Evaluation Criteria ................................................................................................................................ 52 § 5275. Minimum Goals. ................................................................................................................................. 52 Article 4. Single Family Housing Bonus Pool........................................................................................................ 53 § 5280. Eligibility Requirements. ..................................................................................................................... 53 § 5281. Evaluation Criteria. ............................................................................................................................. 53 § 5282. Allocation Method. ............................................................................................................................. 54 § 5283. Excess Bonus Pool Distribution. .......................................................................................................... 54 Article 5. Veterans Home Loan Program ............................................................................................................. 55 § 5290. Veterans Home Loan Program (VHLP). ............................................................................................... 55 § 5291. VHLP Reporting Requirements. .......................................................................................................... 55 Chapter 4. Extra Credit Teacher Home Purchase Program ................................................................................... 55 Article 1. Definitions ............................................................................................................................................ 55 § 5300. Definitions........................................................................................................................................... 55 Article 2. Eligibility Requirements ....................................................................................................................... 57 § 5310. Application Process............................................................................................................................. 57 § 5311. Application of Standards. ................................................................................................................... 57 § 5312. Applicant Eligibility. ............................................................................................................................ 57 § 5313. Program Goals. ................................................................................................................................... 58 § 5314. Program Provisions. ............................................................................................................................ 58 § 5315. Alternative Schools. [Repealed] ......................................................................................................... 59

........................................................................................... 58 § 5314. Program Provisions. ............................................................................................................................ 58 § 5315. Alternative Schools. [Repealed] ......................................................................................................... 59

Article 3. Evaluation Criteria ................................................................................................................................ 59 § 5320. Evaluation Criteria .............................................................................................................................. 59 § 5321. Allocation Amount .............................................................................................................................. 59 Article 4. Reporting Requirements ...................................................................................................................... 60 § 5330. Specific Reports .................................................................................................................................. 60 Article 5. Noncompliance .................................................................................................................................... 60 § 5340. Monetary Assessment ........................................................................................................................ 60 .......................................... 60 Chapter 5. Single Family Housing Home Improvement and Rehabilitation Program Article 1. Definitions ............................................................................................................................................ 60 § 5342. Definitions........................................................................................................................................... 60 Article 2. Eligibility Requirements ....................................................................................................................... 61 § 5343. Application Process............................................................................................................................. 61 § 5344. Minimum Requirements. .................................................................................................................... 61 § 5345. Exceptions to Minimum Requirements. ............................................................................................. 62 Article 3. Evaluation Criteria ................................................................................................................................ 62 § 5346. Past Performance. .............................................................................................................................. 62 § 5347. Potential Public Benefits Calculation. ................................................................................................. 62 Article 4. Reporting Requirements ...................................................................................................................... 63 § 5348. Program Performance Monitoring. .................................................................................................... 63 Chapter 6. Small-Issue Industrial Development Bond Program ........................................................................... 63 Article 1. Definitions ............................................................................................................................................ 63 § 5350. Definitions........................................................................................................................................... 63 Article 2. Applications .......................................................................................................................................... 64 § 5360. Application Process............................................................................................................................. 64 § 5361. Allocations to CIDFAC. [Repealed] ...................................................................................................... 64 § 5362. Transfer of Allocation by CIDFAC. [Repealed] .................................................................................... 64 § 5363. Reporting Requirements. [Repealed] ................................................................................................. 64 Article 3. Evaluation Criteria ................................................................................................................................ 64 § 5369. Minimum Requirements. .................................................................................................................... 64 § 5370. Evaluation Criteria. ............................................................................................................................. 64 § 5371. Enterprise/Empowerment Zone Facility Bond Projects. .................................................................... 69 § 5372. Permits. [Repealed] ............................................................................................................................ 69 Article 4. Small Business Program ....................................................................................................................... 69

Bond Projects. .................................................................... 69 § 5372. Permits. [Repealed] ............................................................................................................................ 69 Article 4. Small Business Program ....................................................................................................................... 69

§ 5380. Allocations to CIDFAC. [Repealed] ...................................................................................................... 69 § 5381. Minimum Requirements. [Repealed] ................................................................................................. 69 § 5382. Evaluation Criteria. [Repealed] ........................................................................................................... 69 § 5383. Transfer of Allocation by CIDFAC. [Repealed] .................................................................................... 69 § 5384. Reporting Requirements. [Repealed] ................................................................................................. 69 Chapter 7. Exempt Facility Bond Program ............................................................................................................. 70 Article 1. Definitions ............................................................................................................................................ 70 § 5400. Definitions........................................................................................................................................... 70 Article 2. Applications .......................................................................................................................................... 70 § 5410. Application Process............................................................................................................................. 70 § 5411. Allocations to CPCFA. .......................................................................................................................... 70 Article 3. Eligibility Requirements ....................................................................................................................... 70 § 5420. Justification of Tax-Exempt Funds. ..................................................................................................... 70 § 5421. CEQA Requirements. .......................................................................................................................... 71 § 5422. Permits. ............................................................................................................................................... 71 § 5423. Review of New Technologies. ............................................................................................................. 71 Article 4. Evaluation Criteria ................................................................................................................................ 72 § 5430. Environmental Goals. ......................................................................................................................... 72 § 5431. Disposal of Solid Waste. ..................................................................................................................... 72 § 5432. Non-Solid Waste Projects. .................................................................................................................. 72 § 5433. Use of Taxable Debt. ........................................................................................................................... 72 § 5434. Local Support. ..................................................................................................................................... 73 § 5435. Conversion of Taxable Debt. ............................................................................................................... 73 Article 5. Allocation Procedure ............................................................................................................................ 73 § 5440. Ranking. .............................................................................................................................................. 73 Chapter 8. Student Loan Programs ........................................................................................................................ 74 Article 1. Definitions ............................................................................................................................................ 74 § 5450. Definitions........................................................................................................................................... 74 Article 2. Eligibility Requirements ....................................................................................................................... 74 § 5460. Application Process............................................................................................................................. 74 § 5461. Minimum Requirements. .................................................................................................................... 74 Article 3. Evaluation Criteria ................................................................................................................................ 75 § 5470. Evaluation and Ranking. ..................................................................................................................... 75

................................................................................ 74 Article 3. Evaluation Criteria ................................................................................................................................ 75 § 5470. Evaluation and Ranking. ..................................................................................................................... 75

Chapter 9. Recovery Zone Economic Development Bond (RZEDB) Program [Repealed] .................................... 76 Article 1. The American Recovery and Reinvestment Act of 2009 (ARRA) [Repealed] ....................................... 76 § 5480. U.S. Treasury Designated Recovery Zone Bond Allocations. [Repealed] ........................................... 76 Article 2. Application Process for the Recovery Zone Economic Development Bond Reallocation Pool [Repealed] ........................................................................................................................................................... 76 § 5490. Application Process. [Repealed] ......................................................................................................... 76 § 5491. Minimum Threshold Requirements. [Repealed] ................................................................................ 76 § 5492. Minimum Application Requirements. [Repealed] .............................................................................. 77 § 5493. Reallocation Priority System. [Repealed] ........................................................................................... 77 § 5494. Undersubscribed Allocation. [Repealed] ............................................................................................ 77 Article 3. Specific Evaluation Criteria [Repealed] ................................................................................................ 77 § 5500. Evaluation Criteria. [Repealed] ........................................................................................................... 77 Article 4.Reporting Requirements [Repealed] .................................................................................................... 77 § 5510. Reports and Timeframes. [Repealed] ................................................................................................. 77 Chapter 10. Recovery Zone Facility Bond (RZFB) Program [Repealed] ................................................................ 77 Article 1. The American Recovery and Reinvestment Act of 2009 (ARRA) [Repealed] ....................................... 77 § 5520. U.S. Treasury Designated Recovery Zone Bond Allocations. [Repealed] ........................................... 77 Article 2. Application Process for the Recovery Zone Facility Bond Reallocation Pool [Repealed] .................... 77 § 5530. Application Process. [Repealed] ......................................................................................................... 77 § 5531. Minimum Threshold Requirements in Addition to the Minimum Application Requirements in Section 5033. [Repealed] ................................................................................................................................. 78 § 5532. Minimum Application Requirements. [Repealed] .............................................................................. 78 § 5533. Reallocation Priority System. [Repealed] ........................................................................................... 78 § 5534. Undersubscribed Allocation. [Repealed] ............................................................................................ 78 Article 3. Specific Evaluation Criteria [Repealed] ................................................................................................ 78 § 5540. Evaluation Criteria. [Repealed] ........................................................................................................... 78 Article 4. Reporting Requirements [Repealed] ................................................................................................... 78 § 5550. Reports and Timeframes. [Repealed] ................................................................................................. 78 ............................................................... 78 Chapter 11. Qualified Energy Conservation Bond Program [Repealed] Article 1. Definitions [Repealed].......................................................................................................................... 78 § 5560. Definitions. [Repealed] ....................................................................................................................... 78 Article 2. Eligibility Requirements [Repealed] ..................................................................................................... 78 § 5570. Application Process. [Repealed] ......................................................................................................... 78 § 5571. Minimum Requirements. [Repealed] ................................................................................................. 79

ed] ..................................................................................................... 78 § 5570. Application Process. [Repealed] ......................................................................................................... 78 § 5571. Minimum Requirements. [Repealed] ................................................................................................. 79

§ 5572. Reallocation of Waived Allocation. [Repealed] .................................................................................. 79 Article 3. Evaluation Criteria [Repealed] ............................................................................................................. 79 § 5580. Evaluation Criteria. [Repealed] ........................................................................................................... 79 Article 4. Reporting Requirements [Repealed] ................................................................................................... 79 § 5590. Reports and Timeframes. [Repealed] ................................................................................................. 79 Chapter 12. Beginning Farmer Program ................................................................................................................ 79 Article 1. Definitions ............................................................................................................................................ 79 § 5600. Definitions........................................................................................................................................... 79 Article 2. Evaluation Criteria ................................................................................................................................ 80 § 5610. Minimum Requirements. .................................................................................................................... 80 § 5620. Scoring Criteria. .................................................................................................................................. 81 § 5630. Allocation Distribution. ....................................................................................................................... 82 Article 3. Reporting Requirements ...................................................................................................................... 82 § 5640. Specific Reports. ................................................................................................................................. 82 ........................................ 82 Chapter 13. Qualified Public Educational Facility Bond (QPEFB) Program [Repealed] Article 1. Definitions [Repealed].......................................................................................................................... 82 § 5700. Definitions. [Repealed] ....................................................................................................................... 82 Article 2. Applications [Repealed] ....................................................................................................................... 83 § 5710. Application Process. [Repealed] ......................................................................................................... 83 § 5711. Allocations. [Repealed] ....................................................................................................................... 83 Article 3. Eligibility [Repealed] ............................................................................................................................. 83 § 5720. Project Readiness. [Repealed] ............................................................................................................ 83 § 5721. Permits. [Repealed] ............................................................................................................................ 83 § 5722. Eligibility Requirement. [Repealed] .................................................................................................... 83 Article 4. Reporting and Regulatory Requirements [Repealed] .......................................................................... 83 § 5730. Specific Reports. [Repealed] ............................................................................................................... 83 § 5731. Regulatory Compliance. [Repealed] ................................................................................................... 83