BlackletterCalifornia law

Health and Safety Code § 51671

CHAPTER 5. Bond Insurance

Current as of September 28, 2026Health & Saf. Code, § 51671Official source ↗Ask about this

Added by Stats. 1993, Ch. 115, Sec. 4. Effective July 15, 1993.

The agency may insure bonds pursuant to this chapter only if it determines that the proceeds of the bonds will be utilized, to the maximum extent feasible, for one of the following purposes:

(a) Construction or rehabilitation of multifamily rental housing for persons and families of low or moderate income.

(b) Construction or rehabilitation of housing that utilizes federal rental or other subsidies.

(c) Construction or rehabilitation of other dwelling units for persons and families of low or moderate income.