California Public Resources Code

§ 37032

PRC § 37032 Effective Jan 1, 2005Div. 28 · Ch. 7

Statute text

(a)If a department or local government identifies property that may be acquired pursuant to this division and determines that the acquisition would comply with the purpose of a bond provision listed in subdivision (c) and any applicable guidelines developed for that bond provision by the administering agency, and all of the requirements of this division are met and the department or local government acquires the property pursuant to this division, the department or local government may expend funds from the bond provision that have been appropriated, allocated, or awarded to it, to acquire the property using the tax credit provided by this division.

(b)The applicable bond provisions from which a department or local government may use bond funds to acquire property using the tax credit provided by this division do not include grants of bond funds distributed through a competitive process.

(c)The applicable bond provisions from which a department or local government may expend bond funds pursuant to subdivision (a) are the following:

…

Legislative history

Added by Stats. 2004, Ch. 715, Sec. 2. Effective January 1, 2005.