California Health and Safety Code

§ 50786.5

HSC § 50786.5 Effective Jan 1, 2000Div. 31 · Part 2 · Ch. 11

Statute text

Notwithstanding any other provision of this chapter, where a city, county, or other local governmental entity has acquired a mobilehome park for the purpose of converting the park to resident ownership, and the department has entered into a binding agreement for the commitment of funds to the project, the department shall not require that more than a simple majority of households residing in the park actually purchase, or have opened escrow to purchase, interests or spaces in the park as a condition of disbursement of funds for loans made pursuant to Section 50784 to qualified individual households.

Legislative history

Amended by Stats. 1999, Ch. 473, Sec. 7. Effective January 1, 2000.