California Health and Safety Code

§ 51200

HSC § 51200Div. 31 · Part 3 · Ch. 5 · Art. 5

Statute text

With respect to housing developments financed by a mortgage loan from the agency, the agency shall:

(a)Prescribe uniform systems of accounts and records for rental and cooperative housing developments and require the housing sponsors to make reports and give answers to specific questions on such forms and at such times as may be necessary for the purposes of this part.

(b)Establish minimum reserves to be maintained by nonprofit and limited-dividend housing sponsors of rental and cooperative housing developments.

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Legislative history

Amended by Stats. 1987, Ch. 1034, Sec. 37.