California Health and Safety Code

§ 50543

HSC § 50543 Effective Jan 1, 2001Div. 31 · Part 2 · Ch. 3.7

Statute text

(a)Five million dollars ($5,000,000) of the funds appropriated for purposes of this chapter in Item 2240-114-0001 of Section 2.00 of the Budget Act of 2000 shall be transferred to the Rental Housing Construction Fund created pursuant to Section 50740 to be used pursuant to subdivisions (b) and (c).

(b)The department shall provide state grants to local agencies to assist them in attracting new business and jobs in “housing rich” communities that lack an adequate employment base to match the amount and cost of housing in those communities.

(c)A local agency that has completed an economic development strategic plan may apply for a grant to create an economic development strike team to assist the local agency in better targeting and coordinating outreach to employers who may choose to locate jobs within the community.

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Legislative history

Added by Stats. 2000, Ch. 665, Sec. 6. Effective January 1, 2001.