California Health and Safety Code

§ 44558.2

HSC § 44558.2 Effective Jun 30, 2022Div. 27 · Ch. 1 · Art. 7

Statute text

(a)When funding is available, the authority shall make the funding available to eligible applicants selected by the authority to participate in the program. Unless otherwise prohibited by law, the authority shall use the available funding to do all of the following:

(1)Develop an application process for awarding grants to eligible applicants pursuant to the program and require each eligible applicant to submit an application in the form and manner prescribed by the authority.

(2)Set aside at least 20 percent of any amount made available in a program funding round for eligible applicants that are small and emerging community development financial institutions.

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Legislative history

Added by Stats. 2022, Ch. 68, Sec. 30. (SB 193) Effective June 30, 2022.