California Health and Safety Code 51065.5 – The agency may make unsecured loans or loans secured by assets other …
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The agency may make unsecured loans or loans secured by assets other than real property to local public entities. The loans may be funded by the proceeds of bonds or other agency funds to assist local public entities in providing or making affordable housing available to low- or moderate-income persons or families.
(Added by Stats. 2003, Ch. 193, Sec. 1. Effective January 1, 2004.)
Terms Used In California Health and Safety Code 51065.5
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.