PART 1. GENERAL PROVISIONS [55000. - 55009.]
Part 1 added by Stats. 1982, Ch. 1602, Sec. 1.
§§ 55000–55009 · 11 sections
- § 55000 The Legislature finds and declares that there exist throughout the state many buildings which are structurally inadequate to safely withstand seismic forces of…
- § 55001 As used in this division: (a) “Bonds” means bonds, notes, or other evidence of indebtedness issued by a local agency pursuant to Part 2 (commencing with…
- § 55002 (a) Pursuant to this division, the local agency may provide financing to pay for eligible costs to an owner of an eligible building only if the legislative…
- § 55002.5 Pursuant to this division, the local agency may provide financing to pay for or buy out any existing note or deed of trust which may be a lien against the real…
- § 55003 The local agency may contract with state or federally chartered banks or savings and loan associations for originating or servicing loans authorized by this…
- § 55004 The local agency shall adopt rules and regulations for the administration of the financing program, which shall include, but not be limited to, borrower…
- § 55005 For the purposes of this division, the local agency shall have the following powers in addition to any other powers granted by this division: (a) To make and…
- § 55006 The interest rate on financing provided pursuant to this division shall be sufficient and shall be limited to the amount necessary to pay the interest on the…
- § 55007 The local agency may conduct a financing program under this division in tandem with a residential rehabilitation financing program under Part 13 (commencing…
- § 55008 The exercise of the powers specified in this division shall be in all respects for the benefit of the people of the state, for their well-being and prosperity,…
- § 55009 Any bonds issued by the local agency under the provisions of this division, their transfer, and the income therefrom shall at all times be free from all direct…