DIVISION 31. HOUSING AND HOME FINANCE 50000-54034›PART 1. STATE HOUSING POLICY AND GENERAL PROVISIONS 50000-50215›CHAPTER 2. Definitions 50050-50106

§ 50056

California Health and Safety Code · 2018-11 edition · updated 2026-10-04 · California

“Below-market interest” means a below-market interest rate adequate to return to the agency sufficient income to meet its obligations, reserve requirements, and expenses connected with a loan financed by the agency for which such interest rate is established as determined by the agency at the time of commitment of funds, for the permanent financing.

(Added by Stats. 1977, Ch. 610.)

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California Health and Safety Code

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