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Agenda Item No. 10.22 Application No. 19586 THE CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE December 11, 2019, Staff Report REQUEST FOR A QUALIFIED PRIVATE ACTIVITY BOND ALLOCATION FOR A QUALIFIED
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How to fill out cdfa - volume cap

01
Determine the amount of volume cap available for CDFA projects in your state.
02
Fill out the CDFA Volume Cap Allocation Application form with the necessary project details and request for allocation.
03
Submit the completed application form along with any required supporting documents to the appropriate state agency for review and approval.
04
Await notification of allocation approval and follow any additional instructions provided by the state agency.
05
Once allocated, use the volume cap for financing eligible CDFA projects as specified in the application.

Who needs cdfa - volume cap?

01
Developers and sponsors of community development projects looking to finance their projects through tax-exempt private activity bonds.
02
State agencies responsible for allocating volume cap to eligible projects within their jurisdiction.
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The CDFA Volume Cap is a limit on the amount of tax-exempt private activity bonds that can be issued in a state in a calendar year.
State and local governments, housing authorities, industrial development agencies, and other entities that issue tax-exempt private activity bonds are required to file the CDFA Volume Cap.
The CDFA Volume Cap can be filled out by submitting the necessary forms and documentation to the appropriate state agency responsible for overseeing private activity bond issuance.
The purpose of the CDFA Volume Cap is to limit the amount of tax-exempt private activity bonds issued in order to prevent excessive use of tax-exempt financing.
The CDFA Volume Cap report must include details on the amount of private activity bonds issued, the projects financed, and compliance with volume cap limits.
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