ARTICLE 5.5. Loans to Tax-Exempt Organizations

Article 5.5 added by Stats. 1988, Ch. 1610, Sec. 3.

§§ 34376–34379 · 7 sections

• § 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…
• § 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…
• § 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)…
• § 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…
• § 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…
• § 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 of studies and surveys,…
• § 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 agency…