California Health and Safety Code

§ 34312.7

HSC § 34312.7 Effective Jan 1, 1993Div. 24 · Part 2 · Ch. 1 · Art. 4

Statute text

(a)(1) When refunding revenue bonds for multifamily housing which were previously issued pursuant to Section 34312.3, the authority shall ensure that rental units required, by this chapter or by applicable federal law at the time the original bonds were issued, to be reserved for occupancy for low- and very low income households shall remain occupied by, or made available to, those persons at least until the later of the following:

(A)The date originally so required.

(B)As long as any bonds remain outstanding with respect to the development.

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Legislative history

Added by Stats. 1992, Ch. 735, Sec. 2. Effective January 1, 1993.