California Health and Safety Code

§ 55002

HSC § 55002 Effective Jan 1, 1996Div. 32 · Part 1

Statute text

(a)Pursuant to this division, the local agency may provide financing to pay for eligible costs to an owner of an eligible building only if the legislative body of the local agency makes one of the following findings:

(1)The owner to whom financing would be made available pursuant to this division is unable to qualify for or could not afford financing for eligible costs from private lending institutions.

(2)Absent the availability of financing pursuant to this division, the eligible building would be demolished.

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Legislative history

Amended by Stats. 1995, Ch. 385, Sec. 2. Effective January 1, 1996.