California Health and Safety Code

§ 50661

HSC § 50661 Effective Jun 29, 2020Div. 31 · Part 2 · Ch. 6.5

Statute text

(a)There is hereby created in the State Treasury the Housing Rehabilitation Loan Fund. All interest or other increments resulting from the investment of moneys in the Housing Rehabilitation Loan Fund shall be deposited in the fund, notwithstanding Section 16305.7 of the Government Code. Notwithstanding Section 13340 of the Government Code, all money in the fund is continuously appropriated to the department for the following purposes:

(1)For making deferred-payment rehabilitation loans for financing all or a portion of the cost of rehabilitating existing housing to meet rehabilitation standards as provided in this chapter.

(2)For making deferred payment loans as provided in Sections 50668.5, 50669, and 50670.

…

Legislative history

Amended by Stats. 2020, Ch. 15, Sec. 19. (AB 83) Effective June 29, 2020.