Cal. Health & Saf. Code § 50056
Current through the 2023 Legislative Session.
"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.
Ca. Health and Saf. Code § 50056