California Health and Safety Code

§ 50746

HSC § 50746Div. 31 · Part 2 · Ch. 9 · Art. 2

Statute text

Each contract pursuant to Section 50745 shall be recorded or referenced in a recorded document in the office of the county recorder of the county in which the rental housing development is located, and shall be indexed by the recorder in the grantor index to the name of the sponsor and in the grantee index to the name of the State of California. The contract shall contain at least the following provisions:

(a)The amount and terms of payments to be provided under this article, including specific items to be covered by such payments.

(b)A description of the way in which the payments will be used to provide affordable rents to eligible households occupying assisted units within the rental housing development.

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Legislative history

Amended by Stats. 1980, Ch. 1154.