Cal. Code Regs. Tit. 2, § 599.716.1 - Reimbursement for Sale of a Residence - Excluded Employee
(a) Whenever a state officer or employee is
required, as defined in section
599.714.1 of these regulations to
change his/her officially designated headquarters and this requires the sale of
his/her residence the officer or employee shall be reimbursed only for actual
and necessary selling costs as determined by prevailing practices within the
area of sale. Claims for reimbursement must be substantiated by the seller's
closing escrow statement and other pertinent supportive documents. Seller's
points are not eligible for reimbursement. Claims will include only those items
which are listed in the following subsection.
(b) Actual and necessary selling costs are:
(1) Brokerage commission; and
(2) Title insurance; and
(3) Escrow fees; and
(4) Prepayment penalties; and
(5) Taxes, charges or fees fixed by local
authority required to consummate the sale of the residence; and
(6) Miscellaneous sellers costs customary to
the area, not to exceed $200.
(c) Actual and necessary selling costs will
be reimbursed for that portion of the dwelling the employee actually occupies
if the employee or officer owns and resides in a multi-family
dwelling.
(d) Commissions and fees
will not be reimbursed if paid to the employee, the employee's spouse or the
spouse's employer, or to any member of the household.
(e) Claims for the sale of a residence must
be submitted within two years following the date the officer or employee
reports to the new official headquarters. No extensions will be allowed
thereafter.
(f) Rebates to
employees will be deducted from the claim prior to reimbursement.
Notes
2. Editorial correction of NOTE (Register 96, No. 38).
3. Change without regulatory effect amending subsection (a) and NOTE filed 10-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 42).
Note: Authority cited: Sections 3517.8, 18502, 19815.4(d) and 19820, Government Code. Reference: Section 19841, Government Code.
2. Editorial correction of Note (Register 96, No. 38).
3. Change without regulatory effect amending subsection (a) and Note filed 10-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 42).
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