Cal. Code Regs. tit. 25 § 11107

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

Section 11107 - Earnings Distribution

Earnings distribution to a housing sponsor (other than a nonprofit housing sponsor or local entity) shall be limited to an annual amount no greater than 6% of the housing sponsor's equity invested in the housing development in the case of housing developments intended primarily for elderly persons, or an amount not to exceed 10% of the housing sponsor's equity invested in the housing development in the case of housing developments intended primarily for nonelderly persons, except as such distributions may be increased pursuant to the provisions of paragraph 2 of Section 51202 of the Health and Safety Code.

Cal. Code Regs. Tit. 25, § 11107

1. New section filed 10-29-80; effective thirtieth day thereafter (Register 80, No. 44).

Note: Authority cited: Section 51050, Health and Safety Code. Reference: Section 51202, Health and Safety Code.

1. New section filed 10-29-80; effective thirtieth day thereafter (Register 80, No. 44).