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§ 7124. Lump Sum Drawdown for Property Rehabilitation Financing.

25 CA ADC § 7124Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 25. Housing and Community Development
Division 1. Housing and Community Development
Chapter 7. Department of Housing and Community Development Programs
Subchapter 2. State Community Development Block Grant Program
Article 4. Grant Administration
25 CCR § 7124
§ 7124. Lump Sum Drawdown for Property Rehabilitation Financing.
Currentness
Subject to the conditions prescribed in this section, grantees may draw funds from the Department in a single lump sum to establish a rehabilitation fund in one or more private financial institutions for the purpose of financing the rehabilitation of privately-owned properties as a part of the grantee's program.
The conditions prescribed for lump sum drawndown accounts are described in 24 CFR 570, Section 570.513.

Credits

Note: Authority cited: Sections 50406(h) and 50406(n), Health and Safety Code. Reference: 24 CFR 570.513.
History
1. Amendment filed 2-22-85; effective upon filing pursuant to Government Code Section 11346.2(d) (Register 85, No. 9).
2. New second paragraph, repealer of subsections (a)-(j) and amendment of Note filed 7-31-96; operative 7-31-96 pursuant to Government Code section 11343.4(d) (Register 96, No. 31).
This database is current through 6/21/24 Register 2024, No. 25.
Cal. Admin. Code tit. 25, § 7124, 25 CA ADC § 7124
End of Document