California Health and Safety Code

§ 50406.5

HSC § 50406.5 Effective Sep 26, 1985Div. 31 · Part 2 · Ch. 1

Statute text

(a)Notwithstanding any other provision of law, the department may make advance payments to eligible borrowers and grantees under any loan or grant programs for housing established pursuant to this part, if the department makes all of the following determinations:

(1)The advance payments are necessary to meet the purposes of the housing program.

(2)The advance payments are necessary for the feasibility of the assisted housing.

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Legislative history

Added by Stats. 1985, Ch. 1001, Sec. 1.3. Effective September 26, 1985.