Income tax credits: low-income housing: California Debt Limit Allocation Committee rulemaking.
It became law on Oct 11, 2023.
- Stage
- Became law
- Started in
- Assembly
- Latest action
- Oct 11, 2023
What it does
(1) Existing federal law prescribes a volume ceiling on the aggregate amount of private activity bonds that may be issued in a state. Existing law creates the California Debt Limit Allocation Committee (CDLAC) for the purpose of administering the volume limit for the state on private activity bonds through an allocation system. Existing law authorizes CDLAC to adopt, amend, or repeal rules and regulations as emergency regulations in accordance with the rulemaking provisions of the Administrative Procedure Act.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
Loading coverage…
Where it goes next
It is law in California. What happens now is up to the agency that carries it out, the courts, and the place itself.