§ 3772.5. — 3772.5. (Amended by Stats. 1999, Ch. 83, Sec. 173.)

California § 3772.5.

• Jurisdiction: California
• Code RTC: Revenue and Taxation Code - RTC
• Div. 1.: DIVISION 1. PROPERTY TAXATION
• Part 6.: PART 6. TAX SALES
• Ch. 8.: CHAPTER 8. Deed to State, County or Public Agencies
• Art. 1.: ARTICLE 1. General Provisions

Text

For purposes of this chapter:
(a)
“Low-income persons” means persons and families of low or moderate income, as defined by Section 50093 of the Health and Safety Code.
(b)
“Nonprofit organization” means a nonprofit organization incorporated pursuant to Part 2 (commencing with Section 5110) of Division 2 of Title 1 of the Corporations Code for the purpose of acquisition of either of the following:
(1)
Single-family or multifamily dwellings for rehabilitation and sale or rent to low-income persons, or for other use to serve low-income persons.
(2)
Vacant land for construction of residential dwellings and subsequent sale or rent to low-income persons, for other use to serve low-income persons, or for dedication of that vacant land to public use.
(c)
“Rehabilitation” means repairs and improvements to a substandard building, as defined in Section 17920.3 of the Health and Safety Code, necessary to make it a building that is not a substandard building.

Legislative History

Amended by Stats. 1999, Ch. 83, Sec. 173. Effective January 1, 2000.