§ 51004.5. — 51004.5. (Added by Stats. 1979, Ch. 960.)

California § 51004.5.

• Jurisdiction: California
• Code HSC: Health and Safety Code - HSC
• Div. 31.: DIVISION 31. HOUSING AND HOME FINANCE
• Part 3.: PART 3. CALIFORNIA HOUSING FINANCE AGENCY
• Ch. 3.: CHAPTER 3. Financial Provisions

Text

On or before May 1 of each year, commencing in 1980, the agency shall submit to the Legislature and the Governor, an annual plan for using its revenue bonding authority for the succeeding fiscal year consistent with meeting the legislative goals and requirements for the agency, including requirements relating to units made available in each of its programs or proposed programs for low and very low income households, the allocations between elderly and family households, and requirements relating to units for new construction and substantial rehabilitation. The agency shall review and update each annual plan on a quarterly basis. The agency’s ability to implement the plan
shall be reported in the annual report required by Section 51005.

Legislative History

Added by Stats. 1979, Ch. 960.