California Health and Safety Code

§ 50708

HSC § 50708 Effective Jan 1, 2013Div. 31 · Part 2 · Ch. 8.3

Statute text

The department shall collect all of the following from each borrower and include a summary of this information in its last annual report submitted to the Legislature on or before December 31, 2013, pursuant to Section 50408:

(a)A general description of activities undertaken pursuant to this chapter.

(b)For each property acquired, the acquisition price; the amount and terms of the nonstate funds leveraged, and a statement as to whether the state acquisition funds were essential to the leveraging of these other acquisition funds; a description of the expiration date of the project’s rent or sales restrictions; the number of assisted units created or preserved; the amount of state funds required for each assisted unit created or preserved; and the level of affordability maintained.

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Legislative history

Amended by Stats. 2012, Ch. 784, Sec. 3. (AB 1951) Effective January 1, 2013.