Cal. Code Regs. tit. 25 § 7434

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 7434 - Disposition of Recaptured Funds

All funds repaid to the Department because of termination, transfer, sale, conveyance, alienation, breach, or default will be deposited in the Housing Rehabilitation Loan Fund and be available for commitments to other eligible local entities and for administrative costs.

Cal. Code Regs. Tit. 25, § 7434

1. Amendment filed 10-2-81; effective thirtieth day thereafter (Register 81, No. 40).

Note: Authority cited: Section 50662, Health and Safety Code. Reference: Sections 50661, 50662 and 50663, Health and Safety Code.

1. Amendment filed 10-2-81; effective thirtieth day thereafter (Register 81, No. 40).