Section 6051 - Marks-Roos Yearly Fiscal Status Report RequirementsSubmission of the Marks-Roos Yearly Fiscal Status Report shall be required if the proceeds of the Authority bonds, all or in part, were used to acquire Local Obligations or transferred to a Local Obligor under the terms of a Debt contract between the Authority and Local Obligor, and any bonds are Outstanding during the Reporting Year. The information submitted shall conform to the following specific requirements.
(a) All information shall be reported as of the end of the Reporting Year immediately prior to the date established for timely submission under Government Code section 6599.1(b) unless otherwise specified in law or specifically provided for in this section.(b) The information required under Government Code section 6599.1(b)(3) regarding Costs of Issuance shall be provided on the initial submission of the Marks-Roos Yearly Fiscal Status Report only.(c) The information required under Government Code section 6599.1(b)(3) regarding On Going Fees shall be reported on an annual basis for each Reporting Year.(d) The information required under Government Code section 6599.1(b)(4) regarding Administrative Fees shall be reported on an annual basis for each Reporting Year.(e) The information required under Government Code section 6599.1(b)(5) regarding Administrative Fees shall be reported on an annual basis for each Reporting Year and include, for each Local Obligation, the name of the Local Obligor, the corresponding amount of the Local Obligation, and the Administrative Fee charged.(f) The information required under Government Code sections 6599.1(b)(6) and 6599.1(b)(7) regarding interest earnings and payment of commissions and fees on guaranteed investment contracts shall be reported on an annual basis for each Reporting Year.(g) The information required under Government Code section 6599.1(b)(6) regarding the terms of guaranteed investment contracts shall include each contract's maturity and other related and applicable terms including, but not limited to, prematurity liquidity, collateralization, and credit ratings and downgrades.(h) If the bond Issue has been Retired during the Reporting Year, information shall be supplied that establishes compliance with the requirements of Government Code section 6599.1(b) and this Section, including the date Retired status was achieved.(i) The information required under Government Code section 6599.1(b)(8) regarding the Delinquency Rates shall be reported for each Local Obligation.(j) Information shall be provided to establish the legitimacy of the individual and organization submitting the Marks-Roos Yearly Fiscal Status Report including the person providing the submission; the person's telephone number and email address; and the person's firm or agency name and address.Cal. Code Regs. Tit. 4, § 6051
1. New section filed 2-28-2017; operative 4-1-2017 (Register 2017, No. 9). Note: Authority cited: Section 8855(e), Government Code. Reference: Section 6599.1(b), Government Code.
1. New section filed 2-28-2017; operative 4/1/2017 (Register 2017, No. 9).