California § 51006. 51006. (Amended by Stats. 1987, Ch. 1034, Sec. 25.)

California Statutes

§ 51006. — 51006. (Amended by Stats. 1987, Ch. 1034, Sec. 25.)

California § 51006.

JurisdictionCalifornia

Code HSCHealth 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

This text of California § 51006. (51006. (Amended by Stats. 1987, Ch. 1034, Sec. 25.)) 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 § 51006. (2026).

Text

The executive director of the agency shall immediately certify in writing to the Joint Legislative Audit Committee, the Joint Legislative Budget Committee, the Speaker of the Assembly, the Senate Rules Committee, and the Governor, if the agency is notified by the trustee in writing that moneys of the agency will not be sufficient to meet principal payments, sinking fund payments, and interest payments on bonds authorized under this part and to restore and maintain necessary bond reserve funds. However, certification pursuant to this section need not be made unless this insufficiency will result in an event of default under the respective bond resolution
				authorizing the bonds.

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The executive director of the agency shall immediately certify in writing to the Joint Legislative Audit Committee, the Joint Legislative Budget Committee, the Speaker of the Assembly, the Senate Rules Committee, and the Governor, if the agency is notified by the trustee in writing that moneys of the agency will not be sufficient to meet principal payments, sinking fund payments, and interest payments on bonds authorized under this part and to restore and maintain necessary bond reserve funds. However, certification pursuant to this section need not be made unless this insufficiency will result in an event of default under the respective bond resolution
authorizing the bonds.

Legislative History

Amended by Stats. 1987, Ch. 1034, Sec. 25.

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California § 51006., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/HSC/51006..