California Health and Safety Code

§ 52062

HSC § 52062 Effective Jan 1, 1997Div. 31 · Part 5 · Ch. 6

Statute text

Any agreement made pursuant to Section 52061 shall contain provisions doing all of the following:

(a)Limiting the maximum amount of bonds to be issued by a city or county.

(b)Requiring that the city, or county, or each city and county that is a party to the agreement, not issue additional bonds for home mortgage loans within a period of three years from the date of the bonds issued pursuant to the agreement, or until all of the proceeds of those bonds have been used to make home mortgage loans, without the express written consent of the agency.

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Legislative history

Amended by Stats. 1996, Ch. 833, Sec. 14. Effective January 1, 1997.