California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 4 - Standards for the Exercise of the Commissioner's Authority
Subarticle 10 - Real Estate Programs
Rights and Obligations of Participants
Section 260.140.116.3 - Reports to Limited Partners

(a) In the case of a program registered under Section 12 of the Securities Exchange Act of 1934, within 60 days after the end of each quarter of the program, a report containing:

(b) All information necessary for the preparation of the limited partners' federal income tax return not later than 75 days after the end of the fiscal year.

(c) Within 120 days after the end of each program's fiscal year, an annual report containing:

(d) Where assessments have been made during any period covered by any report required by paragraphs (a) or (b) hereof, then such report shall contain a detailed statement of such assessments and the application of the proceeds derived from such assessments.

(e) Where program interests have been purchased on a mandatory deferred payment basis, on which there remains an unpaid balance during any period covered by any report required by paragraphs (a) or (b) hereof; then such report shall contain a detailed statement of the status of all mandatory deferred payments, actions taken by the program in response to any defaults, and a discussion and analysis of the impact on capital requirements of the program.