Cal. Code Regs. tit. 2 § 599.716.1

Current through Register 2024 Notice Reg. No. 44, November 1, 2024
Section 599.716.1 - Reimbursement for Sale of a Residence - Excluded Employee
(a) Whenever a state officer or employee is required, as defined in section 599.714.1 of these regulations to change his/her officially designated headquarters and this requires the sale of his/her residence the officer or employee shall be reimbursed only for actual and necessary selling costs as determined by prevailing practices within the area of sale. Claims for reimbursement must be substantiated by the seller's closing escrow statement and other pertinent supportive documents. Seller's points are not eligible for reimbursement. Claims will include only those items which are listed in the following subsection.
(b) Actual and necessary selling costs are:
(1) Brokerage commission; and
(2) Title insurance; and
(3) Escrow fees; and
(4) Prepayment penalties; and
(5) Taxes, charges or fees fixed by local authority required to consummate the sale of the residence; and
(6) Miscellaneous sellers costs customary to the area, not to exceed $200.
(c) Actual and necessary selling costs will be reimbursed for that portion of the dwelling the employee actually occupies if the employee or officer owns and resides in a multi-family dwelling.
(d) Commissions and fees will not be reimbursed if paid to the employee, the employee's spouse or the spouse's employer, or to any member of the household.
(e) Claims for the sale of a residence must be submitted within two years following the date the officer or employee reports to the new official headquarters. No extensions will be allowed thereafter.
(f) Rebates to employees will be deducted from the claim prior to reimbursement.

Cal. Code Regs. Tit. 2, § 599.716.1

1. New section filed 12-27-95; operative 1-1-96. Submitted to OAL for printing only pursuant to Government Code section 3539.5 (Register 95, No. 52).
2. Editorial correction of NOTE (Register 96, No. 38).
3. Change without regulatory effect amending subsection (a) and NOTE filed 10-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 42).

Note: Authority cited: Sections 3517.8, 18502, 19815.4(d) and 19820, Government Code. Reference: Section 19841, Government Code.

1. New section filed 12-27-95; operative 1-1-96. Submitted to OAL for printing only pursuant to Government Code section 3539.5 (Register 95, No. 52).
2. Editorial correction of Note (Register 96, No. 38).
3. Change without regulatory effect amending subsection (a) and Note filed 10-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 42).