Section 43884 - Negotiated Sales(a) Goal. The statutory goal for professional bond services in connection with bonds sold in negotiated transactions need not be met in every individual contract for services but will be pursued on an aggregate annual basis considering all contracts for professional bond services during a year. Thus, during the course of a year, there may be contracts without TBE participation and contracts with TBEs as prime contractor or TBE participation substantially higher than the statutory goal.(b) TBE Qualifications. TBEs shall be considered for only those contracts or participation in contracts commensurate with their experience, capital, and compliance with applicable licensing requirements.(c) Reports. The Senior Managing Underwriter in a negotiated sale of bonds shall submit a written report regarding distribution of the underwriter's discount to the Trustees within 10 days of closing a transaction where the Senior Managing Underwriter's services were used.Cal. Code Regs. Tit. 5, § 43884
1. New section filed 2-7-91; operative 3-9-91 (Register 91, No. 33).
2. Amendment of subsections (a) and (b) and NOTE filed 11-19-93; operative 11-19-93 pursuant to Government Code section 11346.2(d) (Register 93, No. 47).
3. Amendment of section and NOTE filed 11-27-2001; operative 11-27-2001. Submitted to OAL for printing only pursuant to Education Code section 89030.1 (Register 2002, No. 4). Note: Authority cited: Section 89030, Education Code; and Section 999.5(b), Military and Veterans Code. Reference: Section 89036, Education Code; and Section 999 et seq., Military and Veterans Code.
1. New section filed 2-7-91; operative 3-9-91 (Register 91, No. 33).
2. Amendment of subsections (a) and (b) and Note filed 11-19-93; operative 11-19-93 pursuant to Government Code section 11346.2(d) (Register 93, No. 47).
3. Amendment of section and Note filed 11-27-2001; operative 11-27-2001. Submitted to OAL for printing only pursuant to Education Code section 89030.1 (Register 2002, No. 4).