Health & Saf. Code, § 50406.5 · Chapter 1. Organization of the Department and General Powers
Health & Saf. Code, § 50406.5
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Notwithstanding any other provision of law, the department may make advance payments to eligible borrowers and grantees under any loan or grant programs for housing established pursuant to this part, if the department makes all of the following determinations:
(1) The advance payments are necessary to meet the purposes of the housing program.
(2) The advance payments are necessary for the feasibility of the assisted housing.
(3) The use of the advanced funds is adequately regulated by contract or budgetary controls so that the opportunity to accrue interest on the funds is not unnecessarily reduced.
(b) The department may enter into regulatory agreements to ensure that there is adequate financial security for the funds from which those advance payments are made.
Notes and commentary — not statutory text
History
Added by Stats. 1985, Ch. 1001, Sec. 1.3. Effective September 26, 1985.
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=HSC§ionNum=50406.5.
- Text hash
- sha256 fd520b6aa2dfbc89c54c5520c8b41de8c7bacf6536d3d28514bf79abea9dc8f5
- Composed by
- 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
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.