PART 6.2. CALIFORNIA HOUSING PARTNERSHIP [52535. - 52561.]
Part 6.2 added by Stats. 1987, Ch. 1355, Sec. 1.
§§ 52535–52561 · 7 sections
CHAPTER 1. General Provisons § 52535 · 1 section
- § 52535 The Legislature finds and declares as follows: (a) A significant amount of housing built to serve lower income households and very low income households and…
CHAPTER 2. Definitions § 52540 · 1 section
- § 52540 The following definitions shall govern the construction and interpretation of this part: (a) “Corporation” means a corporation formed pursuant to Section…
CHAPTER 3. Corporation §§ 52550–52552 · 3 sections
- § 52550 (a) A nonprofit corporation may be formed to carry out the purposes of this part. The corporation is not a state entity and the officers and employees of the…
- § 52551 (a) (1) The Governor shall appoint, subject to advice and consent of the Senate, five of the incorporators of the corporation from the categories of persons…
- § 52552 The initial board of directors shall take whatever actions are necessary or appropriate to establish the corporation, including, but not limited to, the filing…
CHAPTER 4. Purposes and Powers of the Corporation §§ 52560–52561 · 2 sections
- § 52560 (a) In order to achieve the objectives and carry out the purposes of this part, the corporation may do all of the following: (1) Raise equity funds, from…
- § 52561 (a) The corporation may arrange for the formation, as separate organizations, of partnerships organized under the laws of this state for the purpose of…