California Government Code

§ 62261

GOV § 62261 Effective Jan 1, 2018Div. 5 · Title 6

Statute text

(a)The authority shall retain controls and establish restrictions or covenants running with land sold or leased for private use for those periods of time and under those conditions as are provided in the plan. The establishment of those controls is a public purpose under this division.

(b)An authority shall obligate lessees or purchasers of property acquired in an affordable housing project to:

(1)Use the property for the purpose designated in the affordable housing plan.

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Legislative history

Added by Stats. 2017, Ch. 764, Sec. 1. (AB 1598) Effective January 1, 2018.