California TCAC Publishes Final Proposed Revisions to Private Activity Bond Cap Procedures
The California Debt Limit Allocation Committee (CDLAC) this week published the final proposed revisions to its procedures for allocating the state’s tax-exempt private activity bond cap. The revisions will be considered for adoption at a meeting May 31. CDLAC has also published preliminary recommendations for its second round of bond allocation, which can be appealed until May 31. Final recommendations will be posted June 10, appeals will be accepted until June 14 and CDLAC will hold its allocation meeting June 24. For a complete discussion of CDLAC's recommendations, attend Novogradac & Company LLP's Low-Income Housing Tax Credit and Tax-Exempt Bond Applications: 2nd and 3rd Round Issues Workshop, June 25 in Los Angeles and June 26 in San Francisco.