California Statutes
§ 51006. — 51006. (Amended by Stats. 1987, Ch. 1034, Sec. 25.)
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
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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California § 51006. (51006. (Amended by Stats. 1987, Ch. 1034, Sec. 25.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 1987, Ch. 1034, Sec. 25.