CA Health & Safety Code Section 50056

“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.

Source: Section 50056, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=50056..

Last Updated

Aug. 19, 2023

§ 50056’s source at ca.gov

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Location: https://california.public.law/codes/ca_health_and_safety_code_section_50056

Original Source: Section 50056, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=50056. (last accessed Aug. 19, 2023).