Debt Limit Allocation Committee, California

California Debt Limit Allocation Committee ( CDLAC)

Federal law limits how much tax-exempt debt a state can issue in a calendar year for private projects that have a qualified public benefit. This cap is determined by a population-based formula. CDLAC was created to set and allocate California’s annual debt ceiling, and administer the State’s tax-exempt bond program to issue the debt.

General Information: 916-653-3255

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