Health and Safety Code § 34376

ARTICLE 5.5. Loans to Tax-Exempt Organizations

Current as of September 28, 2026Health & Saf. Code, § 34376Official source ↗

Added by Stats. 1988, Ch. 1610, Sec. 3.

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 the proceeds to nonprofit organizations exempt from federal income taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (26 U.S.C. Sec. 501(c)(3)), for the housing purposes specified in Section 34377.