Health & Saf. Code, § 52091 · Article 2. State Assistance
Health & Saf. Code, § 52091
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Any agreement made pursuant to Section 52090.5 shall contain all of the following provisions:
(a) Limitations on the maximum amount of bonds to be issued by a city or county.
(b) A requirement that all bonds and any prospectus in connection with the bonds contain a legend condition to the following effect: “Neither the faith and credit of the State of California or the agency nor the taxing power of the state is pledged to the payment of principal or interest on this bond.”
(c) A requirement that the agency approve the bond counsel selected by the city or county.
(d) The designation of criteria for multifamily rental housing developments eligible for financing; the number of units which shall be available for occupancy by persons of low income, which shall not be less than 20 percent of the total units; the amount to be allocated to a bond reserve fund; and, any other matters which the agency finds necessary or desirable.
(e) That the agency shall make construction loans and mortgage loans for multifamily rental housing developed within the city or county.
(f) That the agency shall supervise all construction and management of multifamily rental housing developments financed pursuant to this chapter on behalf of the city or county, and with the same powers and duties under this chapter, to ensure that all requirements of this part are met.
Notes and commentary — not statutory text
History
Added by Stats. 2002, Ch. 12, Sec. 1. Effective March 11, 2002.
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=52091.
- Text hash
- sha256 cc18f78b4fa4eb6f26ee878c31989690ef2a4ba8e63749231055150f2387c860
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Health and Safety Code
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.