California Health and Safety Code ARTICLE 5.5 - Loans to Tax-Exempt Organizations

• Section 34376.
  The Legislature hereby finds and declares that it would be beneficial to empower housing authorities to issue tax-exempt revenue bonds for the purpose of lending...
• Section 34377.
  An authority may issue bonds to provide funds to be loaned by the authority to nonprofit organizations exempt from federal income taxation under Section 501(c)(3)...
• Section 34377.2.
  (a)  Occupancy and rent restrictions with respect to housing acquired pursuant to this article shall either meet the requirements of subparagraphs (A) and (B) of...
• Section 34377.4.
  An authority may, in conjunction with the financing of multifamily rental housing pursuant to this article, finance the acquisition of commercial property for lease, subject...
• Section 34377.6.
  Whenever a complaint is received concerning a violation of the restrictions imposed pursuant to Section 34377.2, the authority shall investigate promptly and make a report...
• Section 34378.
  For the purposes of this article, an authority shall have the power to issue its bonds to defray, in whole or in part, the costs...
• Section 34379.
  (a)  Bonds issued pursuant to this article shall be repayable solely from payments of principal and interest on account of the loans funded thereby. The...

Last modified: October 22, 2018