California Health and Safety Code

§ 50720.4

HSC § 50720.4 Effective Jan 1, 2025Div. 31 · Part 2 · Ch. 8.6

Statute text

As used in this chapter:

(a)“Capitalized operating subsidy reserve” means funds that are set aside before a property is acquired pursuant to this chapter to cover the property’s operating expenses over time.

(b)“Community land trust” has the same definition as that term is defined in clause (ii) of subparagraph (C) of paragraph (11) of subdivision (a) of Section 402.1 of the Revenue and Taxation Code, as amended by the act adding this subdivision.

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Legislative history

Amended by Stats. 2024, Ch. 580, Sec. 5. (AB 2897) Effective January 1, 2025.