California § 34191.50. 34191.50. (Added by Stats. 2016, Ch. 453, Sec. 1.)

California Statutes

§ 34191.50. — 34191.50. (Added by Stats. 2016, Ch. 453, Sec. 1.)

California § 34191.50.

Code HSCHealth and Safety Code - HSC

Div. 24.DIVISION 24. COMMUNITY DEVELOPMENT AND HOUSING

Part 1.87.PART 1.87. Affordable Housing Special Beneficiary District

This text of California § 34191.50. (34191.50. (Added by Stats. 2016, Ch. 453, Sec. 1.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Health and Safety Code - HSC Code § 34191.50. (2026).

Text

(a)A beneficiary district shall use any funds provided to it for the express purpose of promoting the development of affordable housing within its boundaries.

(b)A beneficiary district may promote the development of affordable housing by doing any of the following:

(1)Issuing bonds to be repaid from the distributions of property tax revenues directed to the beneficiary district.

(2)Providing financial assistance for the development of affordable housing, including, but not limited to, providing loans, grants, and other financial incentives and support.

(3)Taking other actions the board determines will promote the financing of the development of affordable housing within its boundaries.

(c)A beneficiary district shall not undertake any obligation that requires an action after the date

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(a)
A beneficiary district shall use any funds provided to it for the express purpose of promoting the development of affordable housing within its boundaries.
(b)
A beneficiary district may promote the development of affordable housing by doing any of the following:
(1)
Issuing bonds to be repaid from the distributions of property tax revenues directed to the beneficiary district.
(2)
Providing financial assistance for the development of affordable housing, including, but not limited to, providing loans, grants, and other financial incentives and support.
(3)
Taking other actions the board determines will promote the financing of the development of affordable housing within its boundaries.
(c)
A beneficiary district shall not undertake any obligation that requires an action after the date it will cease to exist, including, but not limited to, issuing a bond that requires any repayment of the bond obligation after the date the beneficiary district will cease to exist.