California Health and Safety Code

§ 51334

HSC § 51334 Effective Apr 9, 1982Div. 31 · Part 3 · Ch. 6.7 · Art. 2

Statute text

The agency may, in conjunction with the financing of multifamily rental housing pursuant to this chapter, finance the development of commercial property for lease, subject to all of the following conditions:

(a)No more than 10 percent of the proceeds of any revenue bonds issued pursuant to this chapter may be used to develop the commercial property for lease.

(b)The commercial property developed will be located on the same parcel or on a parcel adjacent to a multifamily rental housing development.

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Legislative history

Added by Stats. 1982, Ch. 155, Sec. 5. Effective April 9, 1982.