Cal. Gov. Code § 8869.89

Current through the 2024 Legislative Session.
Section 8869.89 - Use of state ceiling in connection with issuance of mortgage credit certificates

Notwithstanding any other provision of this chapter, the committee may, upon any terms and conditions as it determines, authorize the use of a portion of the state ceiling, as contemplated by Section 146(n) of the Internal Revenue Code, in connection with the issuance by any state agency or local agency or mortgage credit certificates under a Qualified Mortgage Credit Certificate Program, as those terms are defined in Section 25(c) of the Internal Revenue Code.

Ca. Gov. Code § 8869.89

Added by Stats. 1987, Ch. 943, Sec. 2.5.