§ 53600

(a) For loans issued directly by the department, the department may charge an ongoing monitoring fee to cover the costs of project monitoring.

(b) All moneys received by the department in repayment of loans made pursuant to this part, including interest and payments in advance in lieu of future interest, shall be deposited into the Housing Rehabilitation Loan Fund established by Section 50661, and, notwithstanding Section 13340 of the Government Code, all such moneys deposited pursuant to this part are continuously appropriated to the department for purposes of the Multifamily Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2).

(Added by Stats. 2018, Ch. 455, Sec. 1. (SB 877) Effective September 17, 2018.)