![]() |
California Law (Last Updated: March 4, 2014) |
![]() |
Health and Safety Code - HSC |
![]() |
Division 31. HOUSING AND HOME FINANCE |
![]() |
Part 1. STATE HOUSING POLICY AND GENERAL PROVISIONS |
![]() |
Chapter 2. Definitions |
Section 50056.
Latest version.
-
"Below-market interest" means a below-market interest rate adequate to return to the agency sufficient income to meet its obligations, reserve requirements, and expenses connected with a loan financed by the agency for which such interest rate is established as determined by the agency at the time of commitment of funds, for the permanent financing.
(Added by Stats. 1977, Ch. 610.)