Earlier editions: 2020-112018-112026-09
DIVISION 31. HOUSING AND HOME FINANCE 50000-54949›PART 5. LOCAL HOUSING FINANCE AGENCIES 52000-52106›CHAPTER 8. Loans to Tax-Exempt Organizations 52100-52106
§ 52100
California Health and Safety Code · 2026-10 edition · updated 2026-10-04 · California
The Legislature hereby finds and declares that it would be beneficial to empower counties and cities to issue tax-exempt revenue bonds for the purpose of lending the proceeds to nonprofit organizations exempt from federal income taxation pursuant to Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (26 U.S.C. Sec. 501(c)(3)), for the housing purposes specified in Section 52101.
(Added by Stats. 1988, Ch. 1610, Sec. 4.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code