§ 51201. — 51201. (Added by Stats. 1977, Ch. 610.)

California § 51201.

• 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. 5.: CHAPTER 5. Financing of Housing Developments and Residential Structures
• Art. 5.: ARTICLE 5. Supervision of Housing Sponsors

Text

The agency may do any of the following with respect to housing sponsors of rental and cooperative housing financed pursuant to this part.
(a)
Through its agents or employees, enter upon and inspect the lands, buildings, and equipment of a housing sponsor, including all parts thereof, and examine the books and records of a housing sponsor. However, there shall be no entry or inspection of occupied units without consent of the occupant.
(b)
Supervise the operation and maintenance of any housing financed
pursuant to this part and order such repairs as may be necessary to protect the public interest or the health, safety, or welfare of occupants of the housing.
(c)
Require any housing sponsor to pay to the agency such fees as it may prescribe to defray its costs incurred in connection with the examination, inspection, supervision, auditing, or other regulation of the housing sponsor.
(d)
Regulate the retirement of any capital investments or the redemption of stock or the distribution of any equity interest in any housing sponsor.
(e)
Order any housing sponsor to do, or to refrain from doing, any act, as may be necessary to comply with the provisions of state, federal, or local laws, the rules and regulations of the agency, or the terms of any contract between the agency and the housing sponsor.
(f)
Withhold the transfer of construction payments to a housing sponsor pending adequate performance, as determined by the agency, of any acts required of such housing sponsor pursuant to the provisions of this division or pursuant to any agreement by and between the agency and such housing sponsor.

Legislative History

Added by Stats. 1977, Ch. 610.