reglab/housing_qa huggingface dataset:
CA Health & Safety Code § 52540 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6.2 - CALIFORNIA HOUSING PARTNERSHIP|CHAPTER 2 - Definitions|Section 52540.

52540.  The following definitions shall govern the construction and interpretation of this part:(a)  “Corporation” means a corporation formed pursuant to Section 52550. (b)  “Low-income housing” means housing available at affordable rent to lower income households, as defined in Section 50079.5. (c)  “Nonprofit corporation” means a nonprofit corporation organized pursuant to the Nonprofit Corporation Law (Division 2 (commencing with Section 5000) of Title 1 of the Corporations Code), or a limited equity housing cooperative, as defined by Section 11003.4 of the Business and Professions Code. (d)  “Very low income housing” means housing available at affordable rents to very low income households as defined by Section 50105. (Added by Stats. 1987, Ch. 1355, Sec. 1.)
CA Health & Safety Code § 52550 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6.2 - CALIFORNIA HOUSING PARTNERSHIP|CHAPTER 3 - Corporation|Section 52550.

52550.  (a)  A nonprofit corporation may be formed to carry out the purposes of this part. The corporation is not a state entity and the officers and employees of the corporation are not officers or employees of the state and shall not be subject to state civil service. (b)  Nothing in this chapter shall be construed to preclude any person from creating other corporations and organizing other partnerships, joint ventures, or associations for the purposes set forth in this part. (Added by Stats. 1987, Ch. 1355, Sec. 1.)
CA Health & Safety Code § 52552 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6.2 - CALIFORNIA HOUSING PARTNERSHIP|CHAPTER 3 - Corporation|Section 52552.

52552.  The initial board of directors shall take whatever actions are necessary or appropriate to establish the corporation, including, but not limited to, the filing of articles of incorporation.(Added by Stats. 1987, Ch. 1355, Sec. 1.)
CA Health & Safety Code § 52561 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 6.2 - CALIFORNIA HOUSING PARTNERSHIP|CHAPTER 4 - Purposes and Powers of the Corporation|Section 52561.

52561.  (a)  The corporation may arrange for the formation, as separate organizations, of partnerships organized under the laws of this state for the purpose of engaging in any activities that may be performed by the corporation and entering into partnership agreements governing the affairs of the partnerships. (b)  The partnership is authorized to enter into limited partnerships for the purpose of engaging in the preservation of existing low-income or very low income housing developments or projects in localities throughout the state. (c)  The corporation shall be a general partner or limited partner in any partnership in which it participates. The capital of the partnership and the contribution of the partners shall be in such amounts and at the times which are set forth in, or pursuant to, the partnership agreement. (d)  The partnership shall, to the extent feasible, seek maximum participation in the decisionmaking process by the local nonprofit housing corporation. (e)  The partnership agreement shall contain provisions designed to assure all of the following: (1)  The partnership participates in low-income and very low income housing developments or projects in a manner designed to encourage the maximum participation in those housing developments by units of local or state government. (2)  The housing acquired by the partnership shall be preserved for occupancy by lower income households or very low income households for the physical life of the housing if it is economically feasible, as determined by the board of directors of the corporation. In the event that it is not economically feasible to maintain all of the units for lower income households and very low income households, one or more of the rental housing units may be made available for tenancy by households that are not lower income households or very low income households. (3)  The partnership shall, to the extent feasible, seek those investments for which there is either an inadequate supply of private capital or where private investors are not committed to preserving the housing for low-income households or very low income households for the physical life of the housing. (4)  Any displacement of any person resulting from the activities of the partnership shall be temporary in nature and necessary for the rehabilitation work. Relocation benefits shall be paid to those persons as part of the project costs. (f)  The allocation, apportionment, and taxation of income, profits, losses, and deductions among partners shall be governed by the laws otherwise applicable to those allocations and apportionments. (Added by Stats. 1987, Ch. 1355, Sec. 1.)
CA Health & Safety Code § 53000 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 1 - Legislative Findings and Intent|Section 53000.

53000.  This part may be cited as the Solar and Energy Conservation Mortgage Corporation Act of 1981.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53001 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 1 - Legislative Findings and Intent|Section 53001.

53001.  The Legislature hereby determines that:(a)  There is a national policy of reducing demand for nonrenewable energy sources, recognition of which is especially important to the economic welfare of California residents and is, therefore, an important state policy goal. (b)  Widespread purchase, installation, and use of effective energy conservation measures in designated buildings is a particularly promising and expeditious manner in which this goal may be pursued. (c)  The provisions of this part are intended to provide a flexible, practicable, and effective program for the financing of solar and energy conservation measures in buildings throughout the state. (Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53002 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 1 - Legislative Findings and Intent|Section 53002.

53002.  The Legislature further declares its intention that the provisions of this part be interpreted and implemented in a manner which will accomplish the following:(a)  Maintain a high level of diversity and competition among businesses and institutions which finance energy conservation measures and structural improvements. (b)  Help to reduce the dependence of California on imported and nonrenewable energy sources, as well as to hold down increases in the cost of energy. (c)  Encourage the movement of private capital into renewable energy and conservation investments, thereby eliminating or reducing the need to place additional burdens on California taxpayers and utility ratepayers, through creation of a secondary mortgage market instrumentality for the purchase of energy related loans. (d)  Develop impetus toward creation of new jobs for California workers in the renewable energy, conservation, and building industries. (e)  Help provide secure, progressive investment opportunities for financial institutions, insurance companies, pension funds, and other private investors in the fields of energy conservation and building improvement. (Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53050 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 2 - Definitions|Section 53050.

53050.  Unless the context otherwise requires and so stipulates, the definitions provided in this chapter shall govern construction of this part.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53052 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 2 - Definitions|Section 53052.

53052.  “Corporation” means the Solar and Energy Conservation Mortgage Corporation, also known as “Sunny Mac,” created by this part.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53054 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 2 - Definitions|Section 53054.

53054.  “Energy conservation measure” means any one or more of the following:(a)  A device, system, or design that utilizes solar energy or wind power for water heating, space heating or cooling, or the generation of electricity. (b)  Ceiling, attic, wall, or floor insulation. (c)  Storm windows and doors, multi-glazed windows and doors, and heat-absorbing or heat-reflective glazed windows and door materials, which substantially reduce the energy needed for space heating and cooling. (d)  Such other measures or devices as may reasonably be deemed energy conservation enhancements or structural improvements. (Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53056 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 2 - Definitions|Section 53056.

53056.  “Financial institution” means any commercial bank, trust company, savings and loan association, credit union, insurance company, industrial loan company, mortgage banker, or California business and industrial development company, in this state.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53058 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 2 - Definitions|Section 53058.

53058.  “Financing” means to lend money for the purpose of purchasing, leasing, installing, or constructing energy conservation measures.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53060 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 2 - Definitions|Section 53060.

53060.  “Holder-in-due course,” means the purchaser of a loan or loans from a financial institution that participates in, arranges, or finances a loan pursuant to the provisions of this part, and who takes the loan instrument:(a)  For value; (b)  In good faith; and (c)  Without notice that it is overdue or has been dishonored or of any defense against or claim to it on the part of any person. (Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53062 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 2 - Definitions|Section 53062.

53062.  “Structural improvements” means alterations or additions to a designated building intended to enhance energy conservation and efficiency of building space utilization.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53100 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53100.

53100.  The corporation created by this part shall be known as “Sunny Mac.”(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53101 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53101.

53101.  The Solar and Energy Conservation Mortgage Corporation is hereby created for the following purposes:(a)  To facilitate financing of energy conservation measures and structural improvements. (b)  To provide liquidity for loans made by member financial institutions for such purpose. (c)  To provide that such loans shall be financed by private capital to the maximum extent feasible. (Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53102 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53102.

53102.  The corporation shall have common stock, without par value, which shall be vested with all voting rights, each share being entitled to one vote with rights of cumulative voting. Shares may be held beneficially and of record only by member financial institutions, shall be transferable only on the books of the corporation, and shall be subject to the following conditions:(a)  The board of directors of the corporation shall, from time to time, establish a stated value for shares issued and sold by it, and a minimum number of shares which shall be owned by any member financial institution. The minimum number of shares shall be the higher of (1) a fixed minimum per member financial institutions and (2) a minimum expressed as a percentage of such member’s sales of loans to the corporation. (b)  Dividends may be declared by the board of directors, in its discretion, to be paid by the corporation to the holders of its common stock, but in any one fiscal year the aggregate amount of cash dividends paid on account of any share of stock shall not exceed the percentage dividend rate paid for that year by the Federal Home Loan Bank of San Francisco. (c)  If the corporation’s dividend rate in any one year does not equal the dividend rate paid for that year by the Federal Home Loan Bank of San Francisco, the difference in these rates may be applied to the corporation’s dividend rate in any subsequent year, even if it would mean exceeding that dividend rate for that year. (Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53103 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53103.

53103.  The board of directors of the corporation shall consist of seven members, selected and appointed as follows:(a)  One member, representing the public interest, for a term of four years, appointed by the Governor. (b)  One member, for a term of four years, appointed by the State Treasurer. (c)  One member, representing the solar energy industry, for a term of three years, appointed by the Secretary of the Business, Transportation and Housing Agency. (d)  Four members, for terms of two years, elected by the stockholders of the corporation. (Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53104 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53104.

53104.  The members of the board shall annually elect a chairman from among their membership.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53105 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53105.

53105.  In order to expedite the startup of the corporation, the four members representing the stockholders shall initially be appointed by the Secretary of the Business, Transportation and Housing Agency. These members will serve until the first stockholders’ meeting, at which point they will be replaced by elected members.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53106 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53106.

53106.  On or before February 1, 1982, the Governor, the State Treasurer, and the Secretary of Business, Transportation and Housing shall appoint the directors authorized under Sections 53103 and 53105. These directors shall call the first general shareholders’ meeting not later than May 30, 1983, at which time the shareholders of record shall elect the directors authorized by subdivision (f) of Section 53103.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53108 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53108.

53108.  For the purposes set forth in this chapter, the corporation is authorized pursuant to commitments, or otherwise, to purchase, service, sell, lend on the security of, or otherwise deal in, any loans or advances of credit made for financing energy conservation measures. To be eligible for purchase, the loan shall be secured and comply with such other standards as required by the corporation.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53109 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53109.

53109.  For the purposes set forth in this chapter, the corporation is authorized to borrow money through the issuance of notes, bonds, debentures, mortgage trust certificates, or any other security or secondary mortgage market instrument and shall have such other corporate powers as permitted under Section 207 of the Corporations Code.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53110 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53110.

53110.  Any financial institution may apply to the corporation to become a member financial institution. The corporation shall establish standards and procedures for qualification as a member financial institution, from which the corporation shall purchase loans made for the purposes set forth in this part.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53111 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53111.

53111.  Any purchases of loans made by the corporation pursuant to the provisions of this part, for value, in good faith and without actual and written notice of any adverse claims against the loans, shall place the corporation in the status of holder-in-due course of the loans.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53112 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53112.

53112.  Any mortgage trust certificates, mortgage-backed bonds, mortgage-backed passthrough certificates, or other obligations of the corporation secured by the loans and related deeds of trust purchased by the corporation shall be a legal investment for every executor, administrator, trustee, guardian, conservator of a natural person, receiver, fiduciary, public corporation, political subdivision, public instrumentality, charitable institution, educational and eleemosynary institution, bank, savings bank, trust company, financial institution, insurance company, public or private pension fund or profit sharing trust, or cemetery association, without court order.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53113 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 7 - SOLAR AND ENERGY CONSERVATION MORTGAGE CORPORATION|CHAPTER 3 - Purpose and Organization|Section 53113.

53113.  The corporation may accept and administer grants, subsidies, loans, loan guarantees, and other special programs as may be established for that purpose by the Public Utilities Commission, State Energy Resources Conservation and Development Commission, or any other federal or state agency. However, the corporation shall not be required to accept any administration which would require operation at a loss to the corporation.(Added by Stats. 1981, Ch. 1033.)
CA Health & Safety Code § 53150 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 9 - HOUSING AND HOMELESS BOND ACT OF 188|CHAPTER 1 - General Provisions|Section 53150.

53150.  This part shall be known and may be cited as the Housing and Homeless Bond Act of 1988.(Added by Stats. 1988, Ch. 48, Sec. 1. Approved in Proposition 84 at the November 8, 1988, election.)
CA Health & Safety Code § 53151 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 9 - HOUSING AND HOMELESS BOND ACT OF 188|CHAPTER 1 - General Provisions|Section 53151.

53151.  As used in this part, the following terms have the following meanings:(a)  “Bond” means a bond, authorized by Section 53170, that is tax exempt under both state and federal law, or a bond that is tax exempt under state law and taxable under federal law. (b) “Committee” means the Housing Committee created pursuant to Section 53172.(c)  “Fund” means the Home Building and Rehabilitation Fund created pursuant to Section 53160. (Amended by Stats. 1989, Ch. 1193, Sec. 2. Note: This section was added by Stats. 1988, Ch. 48, and approved in Prop. 84 on Nov. 8, 1988.)
CA Health & Safety Code § 53160 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 9 - HOUSING AND HOMELESS BOND ACT OF 188|CHAPTER 2 - Home Building and Rehabilitation Fund|Section 53160.

53160.  The proceeds of bonds issued and sold pursuant to this part shall be deposited in the Roberti Affordable Housing Fund, which is hereby created. Moneys in the fund shall be allocated and utilized in accordance with Part 8 (commencing with Section 53130).(Amended by Stats. 1990, Ch. 577, Sec. 19. Effective September 5, 1990. Note: This section was added by Stats. 1988, Ch. 48, and approved in Prop. 84 on Nov. 8, 1988.)
CA Health & Safety Code § 53170 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 31 - HOUSING AND HOME FINANCE|PART 9 - HOUSING AND HOMELESS BOND ACT OF 188|CHAPTER 3 - Fiscal Provisions|Section 53170.

53170.  Bonds in the total amount of three hundred million dollars ($300,000,000), exclusive of refunding bonds issued pursuant to Section 53170.5, or so much thereof as is necessary, may be issued and sold to provide a fund to be used for carrying out the purposes expressed in this part and to be used to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code. The bonds shall, when sold, be and constitute a valid and binding obligation of the State of California, and the full faith and credit of the State of California is hereby pledged for the punctual payment of both principal of, and interest on, the bonds as the principal and interest become due and payable.(Added by Stats. 1988, Ch. 48, Sec. 1. Approved in Proposition 84 at the November 8, 1988, election.)