Gov. Code, § 63047.1 · Article 5.5. Financing Public Development Facilities
Gov. Code, § 63047.1
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Any housing financed pursuant to this chapter shall meet all of the following conditions:
(a) Any tax-exempt revenue bonds issued by the bank under a state allocation of private activity bond volume cap pursuant to Section 63045 shall not finance any housing component of a public development facility.
(b) No funds from the Infrastructure State Revolving Fund Program shall be used to finance any housing component of a public development facility.
(c) Any housing financed is required for the operation of the facilities.
(d) Any housing financed shall be incidental to the overall project and the cost of the housing component shall not represent more than 20 percent of the overall project costs financed by the bank.
Notes and commentary — not statutory text
History
Added by Stats. 2021, Ch. 356, Sec. 4. (AB 1297) Effective January 1, 2022.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=63047.1.
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- sha256 986f1210155f823ad874c23e48fa80e841bfe9e855df163cb006e8a4e3259eab
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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