California Statutes
§ 50175. — 50175. (Amended by Stats. 1985, Ch. 1399, Sec. 4.)
California·Code HSC Health and Safety Code - HSC·Div. 31. DIVISION 31. HOUSING AND HOME FINANCE·Part 1. PART 1. STATE HOUSING POLICY AND GENERAL PROVISIONS·Ch. 3.5. CHAPTER 3.5. Qualified Mortgage Bonds And Mortgage Credit Certificates·Art. 1. ARTICLE 1. Definitions and General Provisions
This chapter is enacted in implementation of the Mortgage Subsidy Bond Tax Act of 1980 (Title XI, Public Law 96-499) and Section 612 of the Tax Reform Act of 1984 (Public Law 98-369). Accordingly, the definitions contained in this article and the provisions of this chapter shall be construed to be consistent with the purposes and provisions of those federal acts and in its implementation. This chapter does not apply to any issuance of bonds which is excepted from, or otherwise not affected by, the federal acts.
To the extent that any provision of this chapter is held to be inconsistent with or repugnant to the federal acts, the provision shall be given effect in accordance with its terms to the greatest extent possible and consistent with the federal acts, and the inconsistency shall have
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California § 50175. (50175. (Amended by Stats. 1985, Ch. 1399, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1985, Ch. 1399, Sec. 4. Effective October 1, 1985.