California Health and Safety Code CHAPTER 7.5 - Loans to Tax-Exempt Organizations

• Section 33740.
  The Legislature hereby finds and declares that it would be beneficial to empower redevelopment agencies to issue tax-exempt revenue bonds for the purpose of lending...
• Section 33741.
  An agency may issue bonds to provide funds to be loaned by the agency to nonprofit organizations exempt from federal income taxation under Section 501(c)(3)...
• Section 33742.
  (a)  Occupancy and rent restrictions with respect to housing acquired pursuant to this chapter shall either meet the requirements of subparagraphs (A) and (B) of...
• Section 33743.
  An agency may, in conjunction with the financing of multifamily rental housing pursuant to this chapter, finance the acquisition of commercial property for lease, subject...
• Section 33744.
  Whenever a complaint is received concerning a violation of the restrictions imposed pursuant to Section 33742, the agency shall investigate promptly and make a report...
• Section 33745.
  For the purposes of this chapter, an agency shall have the power to issue its bonds to defray, in whole or in part, the costs...
• Section 33746.
  (a)  Bonds issued pursuant to this chapter shall be repayable solely from payments of principal and interest on account of the loans funded thereby. The...

Last modified: October 22, 2018