California Health and Safety Code

§ 34191.50

HSC § 34191.50 Effective Jan 1, 2017Div. 24 · Part 1.87

Statute text

(a)A beneficiary district shall use any funds provided to it for the express purpose of promoting the development of affordable housing within its boundaries.

(b)A beneficiary district may promote the development of affordable housing by doing any of the following:

(1)Issuing bonds to be repaid from the distributions of property tax revenues directed to the beneficiary district.

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Legislative history

Added by Stats. 2016, Ch. 453, Sec. 1. (AB 2031) Effective January 1, 2017.