§ 52100
61 words·~1 min read·
/ca/health-and-safety-code/52100·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.