California Government Code 8869.89 – Notwithstanding any other provision of this chapter, the committee …
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Notwithstanding any other provision of this chapter, the committee may, upon any terms and conditions as it determines, authorize the use of a portion of the state ceiling, as contemplated by Section 146(n) of the Internal Revenue Code, in connection with the issuance by any state agency or local agency or mortgage credit certificates under a Qualified Mortgage Credit Certificate Program, as those terms are defined in Section 25(c) of the Internal Revenue Code.
(Added by Stats. 1987, Ch. 943, Sec. 2.5.)
Terms Used In California Government Code 8869.89
- Committee: means the California Debt Limit Allocation Committee established pursuant to Section 8869. See California Government Code 8869.82
- Internal Revenue Code: means the Internal Revenue Code of 1986 (26 U. See California Government Code 8869.82
- Local agency: means any political subdivision of the state within the meaning of Section 103 of the Internal Revenue Code (26 U. See California Government Code 8869.82
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- State: means the State of California. See California Government Code 8869.82
- State ceiling: includes all of the following:
California Government Code 8869.82