Health and Safety Code - HSC
DIVISION 31. HOUSING AND HOME FINANCE [50000 - 54913]
( Division 31 repealed and added by Stats. 1977, Ch. 610. ) PART 5. LOCAL HOUSING FINANCE AGENCIES [52000 - 52106]
( Part 5 added by Stats. 1979, Ch. 1069. ) CHAPTER 7. Multifamily Rental Housing [52075 - 52098]
( Chapter 7 added by Stats. 2002, Ch. 12, Sec. 1. ) ARTICLE 1. Financing [52075 - 52087]
( Article 1 added by Stats. 2002, Ch. 12, Sec. 1. ) 52085.
The primary purpose of this chapter is to meet the multifamily rental housing needs of persons and families of low or moderate income. The exercise of the powers granted by this division shall be in all respects for the benefit of the people of this state and for their health and welfare. Therefore, any bonds issued by a city, county, or city and county pursuant to this chapter, their transfer, and the income therefrom shall at all times be free from taxation by the state or any political subdivision or other instrumentality of the state, excepting inheritance and
gift taxes.
(Added by Stats. 2002, Ch. 12, Sec. 1. Effective March 11, 2002.)