SUPPLEMENT DATED AUGUST 13, 2010 TO

PRELIMINARY OFFICIAL STATEMENT DATED AUGUST 10, 2010

$40,000,000*

CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY

2010 TAX AND REVENUE ANTICIPATION BONDS

Series 2010A-10

(County of Monterey)

This website provides access to the electronic version of the Supplement (the “Supplement”) to the Preliminary Official Statement dated August 10, 2010 (the “Preliminary Official Statement”), relating to the above-captioned Bonds.  The Supplement amends certain information in the Preliminary Official Statement, as described in the Supplement. 

INVESTORS ARE ADVISED TO READ THE ENTIRE SUPPLEMENT AND PRELIMINARY OFFICIAL STATEMENT TO OBTAIN INFORMATION ESSENTIAL TO MAKING AN INFORMED INVESTMENT DECISION.

The electronic version of this document was created in Adobe Portable Document Format (PDF) using Adobe Acrobat 6.0, and you will need Adobe Reader software to accurately read and print it. If you do not have the Adobe Reader, or if you are using a version earlier than that used in Adobe Acrobat 6.0, you may obtain an updated version of the Adobe Reader free of charge from the Adobe website at www.adobe.com. Using software other than the Adobe Reader included in Adobe Acrobat 6.0 may cause the document that you view or print to differ from the Supplement to the Preliminary Official Statement, and you assume the risk of any such discrepancies as well as any discrepancies related to communication transmission or other printing problems. Investment decisions should only be based upon the Supplement to the Preliminary Official Statement, whether in printed form or downloaded using the current Adobe Reader.

The posting of the Supplement to the Preliminary Official Statement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the Bonds in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

The Supplement to the Preliminary Official Statement will not be updated after the dated date thereof and information in the Supplement to the Preliminary Official Statement may cease to be accurate after such date.

The Issuer may remove this copy of the Supplement to the Preliminary Official Statement from this website at any time.

Offers to purchase the Bonds may only be made through your registered brokerdealer or the underwriters listed on the cover page of the Preliminary Official Statement. By electronically accessing the Supplement to the Preliminary Official Statement, you acknowledge that you understand and agree to the provisions of this page and also agree that the Supplement to the Preliminary Official Statement consists of the document available on this website in its entirety. 

VIEW SUPPLEMENT TO THE PRELIMINARY OFFICIAL STATEMENT

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*  Preliminary, subject to change.