California Health and Safety Code

§ 50756

HSC § 50756Div. 31 · Part 2 · Ch. 9 · Art. 3

Statute text

Each contract pursuant to Section 50755 shall be recorded or referenced in a recorded document in the office of the county recorder of the county in which the rental housing development is located, and shall be indexed by the recorder in the grantor index to the name of the sponsor and in the grantee index to the name of the State of California. The contract shall contain all of the following provisions:

(a)The amount and terms of payments to be provided under this article.

(b)A description of the way in which the payments will be used to provide affordable rents to eligible households occupying dwelling units within the rental housing development.

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Legislative history

Amended by Stats. 1985, Ch. 375, Sec. 4.