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( Division 31 repealed and added by Stats. 1977, Ch. 610.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 8. Loans to Tax-Exempt Organizations [52100 - 52106]
( Chapter 8 added by Stats. 1988, Ch. 1610, Sec. 4. ) 52100.
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.)