reglab/statecodes huggingface dataset:
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 2 - Affordable Housing Bond Act Trust Fund of 018 and Program › Section 54007.

54007. (a) (1) Notwithstanding any other provision of this part, the Department of Housing and Community Development may provide technical assistance to eligible counties and eligible cities, or developers of affordable housing within eligible counties and eligible cities, to facilitate the construction of housing for the target populations for the following programs funded pursuant to this part:
(A) The Multifamily Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2).
(B) The Joe Serna, Jr. Farmworker Housing Grant Program (Chapter 3.2 (commencing with Section 50515.2) of Part 2).
(C) The CalHome Program (Chapter 6 (commencing with Section 50650) of Part 2).
(2) Technical assistance pursuant to this section shall be provided using the bond proceeds allocated pursuant to Section 54006 to the program for which the technical assistance is provided.
(3) The Department of Housing and Community Development shall not provide more than three hundred sixty thousand dollars ($360,000) total in technical assistance pursuant to this section, and an eligible county or eligible city shall not receive more than thirty thousand dollars ($30,000) in technical assistance annually.
(b) For purposes of this section, the following definitions shall apply:
(1) “Eligible city” means a city that is located within a county with a population of 150,000 residents or fewer.
(2) “Eligible county” means a county with a population of 150,000 residents or fewer.
(3) “Technical assistance” includes engineering assistance and environmental review related to an affordable housing project and reimbursement of administrative costs related to developing a grant proposal.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 2 - Affordable Housing Bond Act Trust Fund of 018 and Program › Section 54008.

54008. (a) The Legislature may, from time to time, amend any law related to programs to which funds are, or have been, allocated pursuant to this chapter for the purposes of improving the efficiency and effectiveness of those programs or to further the goals of those programs.
(b) The Legislature may amend this chapter to reallocate the proceeds of bonds issued and sold pursuant to this part among the programs to which funds are to be allocated pursuant to this chapter as necessary to effectively promote the development of affordable housing in this state.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 2 - Affordable Housing Bond Act Trust Fund of 018 and Program › Section 54009.

54009. Programs funded with bond proceeds shall, when allocating financial support, give preference to projects that are “public works” for purposes of Chapter 1 (commencing with Section 1720) of Part 7 of Division 2 of the Labor Code and other projects on which all construction workers will be paid at least the general prevailing rate of per diem wages as determined by the Director of Industrial Relations.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54010.

54010. Bonds in the total amount of three billion dollars ($3,000,000,000), exclusive of refunding bonds issued pursuant to Section 54026, or so much thereof as is necessary as determined by the committee, are hereby authorized to be issued and sold for carrying out the purposes expressed in this part and to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code. All bonds herein authorized which have been duly issued, sold, and delivered as provided herein shall constitute valid and binding general obligations of the state, and the full faith and credit of the state is hereby pledged for the punctual payment of both principal of and interest on those bonds when due.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54012.

54012. The bonds authorized by this part shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), except subdivisions (a) and (b) of Section 16727 of the Government Code, and all of the provisions of that law as amended from time to time apply to the bonds and to this part, except as provided in Section 54028, and are hereby incorporated in this part as though set forth in full in this part.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54014.

54014. (a) Solely for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this part, the committee is continued in existence. For the purposes of this part, the Housing Finance Committee is “the committee” as that term is used in the State General Obligation Bond Law.
(b) The Department of Housing and Community Development may adopt guidelines establishing requirements for administration of its financing programs. The guidelines shall not constitute rules, regulations, orders, or standards of general application and are not subject to Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code.
(c) For the purposes of the State General Obligation Bond Law, the Department of Housing and Community Development is designated the “board” for programs administered by the department, and the California Housing Finance Agency is the “board” for programs administered by the agency.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54016.

54016. Upon request of the board stating that funds are needed for purposes of this part, the committee shall determine whether or not it is necessary or desirable to issue bonds, and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those actions progressively, and are not required to be sold at any one time. Bonds may bear interest subject to federal income tax.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54018.

54018. There shall be collected annually, in the same manner and at the same time as other state revenue is collected, a sum of money in addition to the ordinary revenues of the state, sufficient to pay the principal of, and interest on, the bonds each year. It is the duty of all officers charged by law with any duty in regard to the collections of state revenues to do or perform each and every act which is necessary to collect that additional sum.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54020.

54020. Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this part, an amount that will equal the total of both of the following:
(a) The sum annually necessary to pay the principal of, and interest on, bonds issued and sold pursuant to this part, as the principal and interest become due and payable.
(b) The sum which is necessary to carry out Section 54024, appropriated without regard to fiscal years.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54022.

54022. The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, in accordance with Section 16312 of the Government Code, for purposes of this part. The amount of the request shall not exceed the amount of the unsold bonds that the committee has, by resolution, authorized to be sold, excluding any refunding bonds authorized pursuant to Section 54026, for purposes of this part, less any amount loaned pursuant to this section and not yet repaid and any amount withdrawn from the General Fund pursuant to Section 54024 and not yet returned to the General Fund. The board shall execute any documents as required by the Pooled Money Investment Board to obtain and repay the loan. Any amount loaned shall be deposited in the fund to be allocated in accordance with this part.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54024.

54024. For purposes of carrying out this part, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of any amount or amounts not to exceed the amount of the unsold bonds that the committee has, by resolution, authorized to be sold, excluding any refunding bonds authorized pursuant to Section 54026, for purposes of this part, less any amount loaned pursuant to Section 54022 and not yet repaid and any amount withdrawn from the General Fund pursuant to this section and not yet returned to the General Fund. Any amounts withdrawn shall be deposited in the fund to be allocated in accordance with this part. Any moneys made available under this section shall be returned to the General Fund, plus the interest that the amounts would have earned in the Pooled Money Investment Account, from moneys received from the sale of bonds which would otherwise be deposited in that fund.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54026.

54026. The bonds may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of Division 4 of Title 2 of the Government Code. Approval by the electors of this act shall constitute approval of any refunding bonds issued to refund bonds issued pursuant to this part, including any prior issued refunding bonds. Any bond refunded with the proceeds of a refunding bond as authorized by this section may be legally defeased to the extent permitted by law in the manner and to the extent set forth in the resolution, as amended from time to time, authorizing that refunded bond.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54028.

54028. Notwithstanding any provisions in the State General Obligation Bond Law, the maturity date of any bonds authorized by this part shall not be later than 35 years from the date of each such bond. The maturity of each series shall be calculated from the date of issuance of each bond.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54030.

54030. The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this part are not “proceeds of taxes” as that term is used in Article XIII B of the California Constitution, the disbursement of these proceeds is not subject to the limitations imposed by that article.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54032.

54032. Notwithstanding any provision of the State General Obligation Bond Law with regard to the proceeds from the sale of bonds authorized by this part that are subject to investment under Article 4 (commencing with Section 16470) of Chapter 3 of Part 2 of Division 4 of Title 2 of the Government Code, the Treasurer may maintain a separate account for investment earnings, may order the payment of those earnings to comply with any rebate requirement applicable under federal law, and may otherwise direct the use and investment of those proceeds so as to maintain the tax-exempt status of tax-exempt bonds and to obtain any other advantage under federal law on behalf of the funds of this state.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 16 - Veterans and Affordable Housing Bond Act of 2018 › CHAPTER 3 - Fiscal Provisions › Section 54034.

54034. All moneys derived from premiums and accrued interest on bonds sold pursuant to this part shall be transferred to the General Fund as a credit to expenditures for bond interest; provided, however, that amounts derived from premiums may be reserved and used to pay the costs of bond issuance prior to transfer to the General Fund.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 17 - California Surplus Land Unit › CHAPTER 1 - General Provisions › Section 54900.

54900. For purposes of this part:
(a) “Local agency” means a city, whether organized under general law or by charter, county, city and county, district, including school, sewer, water, utility, and local and regional park districts of any kind or class, joint powers authority, successor agency to a former redevelopment agency, housing authority, or other political subdivision of this state and any instrumentality thereof that is empowered to acquire and hold real property.
(b) “Surplus land” shall mean both of the following:
(1) Land declared surplus by a local agency pursuant to Article 8 (commencing with Section 54220) of Chapter 5 of Part 1 of Division 2 of Title 5 of the Government Code.
(2) Land declared surplus by a school district pursuant to Article 4 (commencing with Section 17455) of Chapter 4 of Part 10.5 of Division 1 of Title 1 of the Education Code.
(c) “Unit” means the California Surplus Land Unit established pursuant to Section 54901.
(Added by Stats. 2021, Ch. 366, Sec. 1. (SB 791) Effective January 1, 2022.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 17 - California Surplus Land Unit › CHAPTER 1 - General Provisions › Section 54901.

54901. The California Surplus Land Unit is hereby created within the Department of Housing and Community Development.
(Added by Stats. 2021, Ch. 366, Sec. 1. (SB 791) Effective January 1, 2022.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 17 - California Surplus Land Unit › CHAPTER 1 - General Provisions › Section 54902.

54902. Implementation of this part shall be subject to an appropriation of funds by the Legislature for purposes of establishing and funding the activities of the unit.
(Added by Stats. 2021, Ch. 366, Sec. 1. (SB 791) Effective January 1, 2022.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 17 - California Surplus Land Unit › CHAPTER 2 - Unit Duties and Powers › Section 54910.

54910. The primary purpose of the unit is to facilitate the development and construction of residential housing on local surplus land. In furtherance of this purpose, the unit may do any of the following:
(a) Facilitate agreements between housing developers and local agencies that seek to dispose of surplus land.
(b) Provide advice, technical assistance, and consultative and technical service to local agencies with surplus land and developers that seek to develop housing on the surplus land.
(c) Collaborate with the California Housing Finance Agency, the California Tax Credit Allocation Committee, the California Debt Limit Allocation Committee, and any other relevant state agency to assist housing developers and local agencies with obtaining grants, loans, tax credits, credit enhancements, and other types of financing that facilitate the construction of housing on surplus land.
(d) Provide technical assistance to developers and local agencies regarding available funding and financing instruments.
(e) Collect and compile data on housing production on local surplus land.
(Added by Stats. 2021, Ch. 366, Sec. 1. (SB 791) Effective January 1, 2022.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 17 - California Surplus Land Unit › CHAPTER 2 - Unit Duties and Powers › Section 54911.

54911. This part shall not relieve a local agency or a housing developer from complying with any disposal requirements
or conditions applicable to disposal of government owned property, including any of the following:
(a) Article 8 (commencing with Section 54220) of Chapter 5 of Part 1 of Division 2 of Title 5 of the Government Code.
(b) Sections 11011 to 11011.29, inclusive, of the Government Code.
(c) Article 4 (commencing with Section 17455) of Chapter 4 of Part 10.5 of Division 1 of Title 1 of the Education Code.
(Added by Stats. 2021, Ch. 366, Sec. 1. (SB 791) Effective January 1, 2022.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 17 - California Surplus Land Unit › CHAPTER 2 - Unit Duties and Powers › Section 54912.

54912. The unit may adopt, and from time to time amend and repeal, rules or regulations, not inconsistent with this part, to carry into effect the powers and purposes of the unit and the conduct of its business. If the unit acts by rule or regulation, the rule or regulation shall be adopted, amended, repealed, and published in accordance with Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code.
(Added by Stats. 2021, Ch. 366, Sec. 1. (SB 791) Effective January 1, 2022.)
2023 California Code › Health and Safety Code - HSC › DIVISION 31 - HOUSING AND HOME FINANCE › PART 17 - California Surplus Land Unit › CHAPTER 2 - Unit Duties and Powers › Section 54913.

54913. (a) (1) The unit shall, by December 31 of each year, submit an annual report, in accordance with Section 9795 of the Government Code, of its activities under this part for the preceding year to the Governor, the Secretary of Business, Consumer Services, and Housing, the Director of Housing and Community Development, the Treasurer, the Joint Legislative Budget Committee, the Legislative Analyst, and the Legislature. The report shall set forth a complete operating and financial statement of the unit during the concluded fiscal year.
(2) The report shall specify all of the following information:
(A) The number of housing units assisted.
(B) The distribution of assisted housing units among the metropolitan, nonmetropolitan, and rural areas of the state.
(C) The affordability levels of assisted rental and for-sale units, both in aggregate and at the individual project level.
(D) Demographic information for the households occupying assisted housing units, both in aggregate and at the individual project level.
(E) A breakdown of state, local, and other funding sources for each assisted housing development.
(b) The report shall also include an evaluation of the extent to which the programs administered by the unit have attained its statutory objectives and recommendations for additional resources or authority, or both, that the Legislature could provide to enhance the efforts of the unit.
(Added by Stats. 2021, Ch. 366, Sec. 1. (SB 791) Effective January 1, 2022.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55000.

55000. The Legislature finds and declares that there exist throughout the state many buildings which are structurally inadequate to safely withstand seismic forces of the magnitude predicted or determined for their locations by seismic safety elements of local general plans. This problem is particularly acute with respect to residential hotels and with respect to commercial buildings in which employees must work or to which the public is invited. The Legislature further finds and declares that rehabilitation of these buildings to meet current standards of earthquake safety is in the public interest, but that private enterprise will be unable in many cases to meet the high cost of making the necessary modifications without the availability of long-term, low-interest loans for the purpose.
It is, therefore, the intent of the Legislature in enacting this division to authorize establishment of local loan programs to serve this need at the lowest possible cost and upon favorable terms so that owners of eligible buildings will be encouraged to make modifications required to assure structural integrity in the event of an earthquake.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55001.

55001. As used in this division:
(a)  “Bonds” means bonds, notes, or other evidence of indebtedness issued by a local agency pursuant to Part 2 (commencing with Section 55100) of this division, including bonds issued to refund previously issued bonds or other indebtedness.
(b)  “Eligible building” means a building existing on the effective date of this section which is identified as hazardous pursuant to Article 4 (commencing with Section 19160) of Chapter 2 of Part 3 of Division 13, with the exception of the following:
(1)  Industrial buildings for assembling, fabricating, manufacturing and processing activities.
(2)  Structures subject to the provisions of Part 1.5 (commencing with Section 17910) of Division 13, other than a residential hotel or apartment building containing six or more units or a commercial building containing six or more residential units which is identified as hazardous pursuant to this section.
(c)  “Eligible costs” means all costs, including costs of design, preparation, and inspection incurred in making structural or other modifications to an eligible building, which are required in order to meet reconstruction standards established by a local ordinance pursuant to Sections 19162, 19163, and 19163.5, or to mitigate potentially hazardous buildings, as defined by subdivision (a) of Section 8875 of the Government Code including costs of payments required by Section 7265.3 of the Government Code, and including costs necessary to provide for the reasonable safety of the exterior and interior of the eligible building and of interior fixtures and appurtenances. Other eligible costs include nonseismic and nonstructural costs, including, but not limited to, plaster, wallboard, paint, and carpeting, and any other finishes deemed necessary by the local building official to restore an eligible building to its original conditions and suitable for occupancy.
(d)  “Financing” means a loan made by the local agency pursuant to this division to the owner of an eligible building for eligible costs and which is secured by a deed of trust or mortgage upon the real property improved thereby.
(e)  “Local agency” means a city, county, or city and county.
(f)  “Residential hotel” means any building containing six or more guestrooms intended or designed to be used, or which are used, rented, or hired out, to be occupied, or which are occupied, for sleeping purposes by guests, which is also the primary residence of those guests, but does not mean any hotel which is primarily used by transient guests who do not occupy the hotel as their primary residence.
(Amended by Stats. 1989, Ch. 756, Sec. 3.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55002.

55002. (a)  Pursuant to this division, the local agency may provide financing to pay for eligible costs to an owner of an eligible building only if the legislative body of the local agency makes one of the following findings:
(1)  The owner to whom financing would be made available pursuant to this division is unable to qualify for or could not afford financing for eligible costs from private lending institutions.
(2)  Absent the availability of financing pursuant to this division, the eligible building would be demolished.
(3)  Absent the availability of financing pursuant to the division, the costs of modifying the eligible building to meet reconstruction standards, pursuant to Sections 19162, 19163, and 19163.5, or to mitigate potentially hazardous buildings, as defined by subdivision (a) of Section 8875 of the Government Code, would cause severe economic hardship to the businesses in the building.
(b)  Financing provided by a local agency pursuant to this division shall not, when combined with existing liens on the property, exceed 80 percent of the current appraised value of the property, as determined by an independent, certified appraiser, unless existing lienholders consent in writing to a higher loan-to-value ratio. Notice of the intention to provide financing to the owner of the property shall be given to existing lienholders of record not less than 30 days prior to any vote of the local agency authorizing the provision of financing to the owner of the property.
(Amended by Stats. 1995, Ch. 385, Sec. 2. Effective January 1, 1996.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55002.5.

55002.5. Pursuant to this division, the local agency may provide financing to pay for or buy out any existing note or deed of trust which may be a lien against the real property on which an eligible building is situated, not to exceed an 80 percent loan to appraised value ratio. The local agency shall establish rules and regulations to ensure the repayment of the funds being borrowed and shall establish a minimum equity requirement that the owner of the eligible building must have in the property.
(Added by Stats. 1990, Ch. 378, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55003.

55003. The local agency may contract with state or federally chartered banks or savings and loan associations for originating or servicing loans authorized by this division.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55004.

55004. The local agency shall adopt rules and regulations for the administration of the financing program, which shall include, but not be limited to, borrower eligibility criteria designed to assure the fiscal integrity of the financing program while permitting maximum application to existing buildings which have sufficient economic life to warrant the amount of financing required. The regulations shall specify procedures to be followed in the event of default.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55005.

55005. For the purposes of this division, the local agency shall have the following powers in addition to any other powers granted by this division:
(a)  To make and execute contracts and all other instruments necessary or convenient for the exercise of its powers and functions under this division with any governmental agency, private corporation, or other entity or individual.
(b)  To determine the terms and conditions of any mortgage instrument, deed of trust, or promissory note used or executed in conjunction with financing pursuant to this division.
(c)  To employ architects, engineers, attorneys, accountants, construction and financial experts, and other advisers, consultants, and agents as may be necessary in its judgment.
(d)  To provide advice, technical information, and consultative and technical service in connection with financing pursuant to this division.
(e)  To procure insurance against any loss in connection with its property and other assets, including mortgages and deeds of trust, in the amounts and from insurers as it deems desirable.
(f)  To establish, revise from time to time, and charge and collect fees and charges in connection with financing provided by the local agency.
(g)  To borrow money and issue bonds, as provided in this division.
(h)  To do any and all things necessary or convenient to the exercise of other powers under this division.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55006.

55006. The interest rate on financing provided pursuant to this division shall be sufficient and shall be limited to the amount necessary to pay the interest on the bonds issued therefor and to defray costs of administration incurred by the local agency pursuant to this division.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55007.

55007. The local agency may conduct a financing program under this division in tandem with a residential rehabilitation financing program under Part 13 (commencing with Section 37910) of Division 24 and may in such case, notwithstanding any other provision of law, issue one form of bond, to be jointly secured as provided in both this division and Part 13 (commencing with Section 37910) of Division 24.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55008.

55008. The exercise of the powers specified in this division shall be in all respects for the benefit of the people of the state, for their well-being and prosperity, and for the improvement of their social and economic conditions, and the local agency shall not be required to pay any tax or assessment on any property owned by the local agency under the provisions of this division or upon the income therefrom.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 1 - GENERAL PROVISIONS › Section 55009.

55009. Any bonds issued by the local agency under the provisions of this division, their transfer, and the income therefrom shall at all times be free from all direct and indirect taxation of every kind by the state, including all taxes imposed pursuant to Part 11 (commencing with Section 23001) of Division 2 of the Revenue and Taxation Code and imposed by cities, counties, cities and counties, or other political subdivisions of this state, except inheritance and gift taxes.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55101.

55101. The bonds shall be authorized by resolution or resolutions of the legislative body of the local agency, shall bear such date or dates, and shall mature at the time or times as the resolution or resolutions may provide, except that no bond shall mature more than 40 years from the date of its issuance. The bonds may be issued as serial bonds or as term bonds, or as a combination thereof, and, notwithstanding any other provision of law, the amount of principal of, or interest on, bonds maturing at each date of maturity need not be equal. The bonds shall bear interest at the rate or rates, be in the denominations, be in the form, either coupon or registered, carry the registration privileges, be executed in the manner, be payable in the medium of payment at the place or places within or without the state, and be subject to the terms of redemption as the resolution or resolutions may provide.
The bonds may be sold at public or private sale in the manner and upon the terms as may be provided in the resolution or by separate resolution. Pending the preparation of definitive bonds, interim receipts or certificates in the form and with any provisions as may be provided in the resolution, may be issued to the purchaser or purchasers of bonds sold pursuant to this division. The bonds and interim receipts or certificates shall be deemed to be securities and negotiable instruments within the meaning of, and for all the purposes of, the California Uniform Commercial Code, subject to the provisions for registration thereof contained in the resolution.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55102.

55102. The local agency may, from time to time, issue (1)  bonds to renew bonds and (2)  other bond obligations to pay bonds including the interest thereon, and, whenever it deems refunding expedient, to refund any bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55103.

55103. Any resolution or resolutions authorizing any bonds or issue thereof may contain provisions, which shall be a part of the contract or contracts with the holders thereof, as to:
(a)  Pledging all or any part of the revenues accruing to the local agency pursuant to this division to secure the payment of the bonds or any issue thereof, subject to any agreements with bondholders as may then exist.
(b)  Pledging all or any part of the assets of the local agency under this division, including mortgages and obligations securing the same, to secure the payment of the bonds or any issue thereof, subject to any agreements with bondholders as may then exist.
(c)  The use and disposition of the gross income from financing obligations owned by the local agency and payment of principal of financing obligations owned by the local agency.
(d)  The setting aside of reserves or sinking funds and the regulation and disposition thereof.
(e)  Limitations on the purposes to which the proceeds of a sale of bonds may be applied and pledging the proceeds to secure the payment of the bonds or of any issue thereof.
(f)  Limitations on the issuance of additional bonds, the terms upon which additional bonds may be issued and secured, and the refunding of outstanding bonds.
(g)  The procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders of which must consent thereto, and the manner in which the consent may be given.
(h)  Limitations on the amount of money to be expended by the local agency for operating expenses of the local agency under this division.
(i)  Vesting in a trustee or trustees any property, rights, powers, and duties in trust as the local agency may determine, which may include any or all of the rights, powers, and duties of the trustee appointed on behalf of the bondholders pursuant to this part and limiting or abrogating the right of the bondholders to appoint a trustee or limiting the rights, powers, and duties of the trustee.
(j)  Defining the acts or omissions to act which shall constitute a default in the obligations and duties of the local agency to the holders of the bonds and providing for the rights and remedies of the holders of the bonds in the event of a default. However, the rights and remedies shall not be inconsistent with the general laws of the state and the other provisions of this division.
(k)  Any other matters, of like or different character, which in any way affect the security, protection, or investment return of the holders of the bonds.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55104.

55104. Any resolution or resolutions authorizing any bonds or issue thereof shall specify the extent to which revenues resulting from financing provided with proceeds of the bonds so authorized are to be used to secure the bonds and the extent to which the revenues may be used for other purposes.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55105.

55105. Any pledge made by the local agency shall be valid and binding from the time when the pledge is made. The revenues, moneys, or property so pledged and thereafter received by the local agency shall immediately be subject to the lien of the pledge without any physical delivery thereof or further act, and the lien of the pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the local agency, irrespective of whether the parties have notice thereof. Neither the resolution nor any other instrument by which a pledge is created need be recorded.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55107.

55107. Neither the members of the legislative body of the local agency, nor any official or employee thereof, nor any other person executing the bonds shall be subject to any personal liability or accountability by reason of the issuance thereof.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55108.

55108. Any resolution authorizing any bonds or issue thereof may designate a trustee for the local agency and holders of its bonds, and shall in such case prescribe the duties of the trustee with respect to the issuance, authentication, sale, and delivery of the bonds, the payment of principal and interest thereof, and the redemption of bonds.
The legislative body of the local agency may provide by a resolution for the deposit of all revenues pledged for the security of the bonds in one or more separate accounts under the control of the trustee. The money in the accounts shall be disbursed only as provided in the resolution.
The resolution may authorize the trustee to act on behalf of the holders of bonds, or any stated percentage thereof, for the purpose of exercising and prosecuting on behalf of the holders of the bonds any rights and remedies as may be available to the holders.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55109.

55109. The trustee acting on behalf of bondholders shall have and possess all the powers necessary or convenient for the exercise of any functions specifically set forth in this part or incident to the general representation of bondholders in the enforcement and protection of their rights.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55110.

55110. Whether or not the bonds are of the form and character as to be negotiable instruments under, or subject to, the terms of the California Uniform Commercial Code, the bonds and any security instruments underlying the bonds are hereby made negotiable instruments within the meaning of, and for all the purposes of, the California Uniform Commercial Code, subject to the provisions for registration of the bonds contained in the resolution.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55111.

55111. In the event any person whose signature appears on the bonds ceases to hold office prior to delivery of the bonds, the signature shall nevertheless be valid and sufficient for all purposes, the same as if the person had remained in office until the delivery.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55112.

55112. The local agency may create one or more bond reserve accounts to secure payments of the principal of, and interest and sinking fund payments on, any bonds or any issuance thereof, as specified in the resolution authorizing the bonds.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55113.

55113. The local agency may provide for the issuance of refunding bonds for the purpose of refunding any bonds then outstanding which have been issued under the provisions of this part, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of the bonds. The issuance of refunding bonds, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties, and obligations of the local agency in respect of the same shall be governed by the provisions of this part which relate to the issuance of bonds, insofar as the provisions may be appropriate therefor.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55114.

55114. Refunding bonds may be sold or exchanged for outstanding bonds issued under this part and, if sold, the proceeds thereof may be applied, in addition to any other authorized purposes, to the purchase, redemption, or payment of the outstanding bonds. Pending the application of the proceeds of any refunding bonds, with any other available moneys, (1)  to the payment of the principal, accrued interest, and any redemption premium on the bonds being refunded, (2)  to the payment of any interest on the refunding bonds, or (3)  to any expenses incurred in connection with refunding, the proceeds may be invested in any obligations permitted under the bond resolution authorizing the issuance of refunding bonds.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55115.

55115. The state does hereby pledge to and agree with the holders of any bonds issued under this part that the state will not limit or alter the rights hereby vested in the local agency to fulfill the terms of any agreements made with the holders thereof or in any way impair the rights and remedies of the holders until the bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of the holders, are fully met and discharged. The local agency is authorized to include this pledge and agreement of the state in any agreement with the holders of the bonds.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)
2023 California Code › Health and Safety Code - HSC › DIVISION 32 - SEISMIC SAFETY BUILDING REHABILITATION LOANS › PART 2 - BONDS › Section 55116.

55116. All bonds issued pursuant to this division shall be limited obligations of the local agency issuing the same, payable solely out of the revenues and receipts derived from or with respect to financing under this division or from or with respect to any notes or other obligations of lending institutions with respect to which the bonds are issued. No holder of any bonds issued under this division has the right to compel any exercise of the taxing power of a local agency to pay the bonds, the interest or redemption premium, if any, thereon, and the bonds shall not constitute an indebtedness of the issuing local agency or a loan of credit thereof within the meaning of any constitutional or statutory provision, nor shall the bonds be construed to create any moral obligation on the part of the issuing local agency or any agency or subdivision thereof with respect to the payment of the bonds. It shall be plainly stated on the face of each bond that it has been issued under the provisions of this divison and that it does not constitute an indebtedness of the local agency issuing the bond or a loan of credit thereof within the meaning of any constitutional or statutory provisions.
(Added by Stats. 1982, Ch. 1602, Sec. 1.)